When I can't get the right effect from Flood, I use RDNA's Microcosm. Since it uses a plane with mats and bumps for water effects you can probably get what you want in a good effect. The image shows one effect where the water ripples out from all around the figure, which is what I was going for and is impossible to achieve with Flood.

http://www.renderosity.com/mod/gallery/index.php?image_id=1324486

FlyByNight