Firstly I would like to congratulate the guys on a great job for a prototype towed camera or ROV if they go further. It looks very professional and could be developed further with a sound plan of what is required from a Suitcase ROV.
To record the video, get a video splitter and connect to a portable cam corder and you will be able to record as long as the batteries work and you have space. By using the splitter you will be able to watch the data as it comes in as well (you may lose a bit of definition).
Any kind of tow fish is difficult to control without good water dynamics and correctional fins. Unless it is reasonable heavy it will pitch, roll and yaw. This is very annoying and no easy to cure without test trials and solutions. To control the depth requires the umbilical to be either adjusted longer or shorter to suit the depth required and the speed of the boat altered to make the changes.
As for navigation. without high tech solutions such as DGPS and sub sea transponders and gyro compass accurate positioning is not possible. However if you split your search into to kinds.
1/ Searching a large area, you can use a normal GPS and compass to give the approximate location and allow for the length of umbilical you have out and also the compass heading, this way you will get close.
2/ Searching a small area, then you should place four marker buoys in a rectangle over the area you want to video, making sure that you are working up and down stream, then tow the camera back and forth and again using a normal GPS in an orderly set pattern. and as above allowing for the length of umbilical you have out and also the compass heading you will get closer.
However there is no substitute for good equipment only the ability to get close. Searching using an ROV or tow fish is not the way to go to find things, only to survey after you have found things.
Over 20 years of working directly and? indirectly with ROV's and Sonar?s etc. have shown me that subject to the water depth and conditions, a side scan is the way to find targets, and drop a buoy in the water when you pick up a target and then throw a diver in to check it out.
I had a Phantom ROV for 12 years and only used it occasionally and only when I knew where the target was. My side scan was used weekly for many years, often finding nothing but getting great pictures of nothing so I was sure that what I looked for was not on that track of the search.
The towed camera really only sees a small area so in my own opinion is not very useful as a stand alone tool, it must have mobility to become a search tool. If the water visibility if poor then you do not have a useful tool for the job at all.
I am sure the use of thrusters would bring the thing to life, there are other threads on this site which offer advise on using economical means of propulsion. Of course the more you have the more you require in terms of power, controls and weight.
But judging from the quality of the design and engineering I am sure these guys could come up with a way to give it mobility.
Sorry for rambling on a bit
Great job guys.