On the subject of ditching:
I'm based at the same Annapolis, MD, airport as Pitts Driver and (I assume) the 76-year-old pilot who just ditched in the South River. Short field, lots of houses and roads and power lines around, and I always pause to think where I'll go if I lose the engine on takeoff or approach. Water has always seemed to be my best option, but I remember my first flying lesson in 1975, in New Orleans, taking off over Lake Pontchartrain.
The instructor said (as I desperately tried to make sense of the shaking Cessna 150 panel in front of me): OK, you've just lost your engine. What do you do?
Me: (After the huh? moment) Well, I'm a pretty good swimmer, so I'd glide over near the shore and put it there, and swim to shore (which as I recall was pretty swampy and didn't look like a solid place to land).
Instructor: Really? Well, the last time this actually happened, the instructor set up a glide and slowed the plane. The student jumped out when they got close to the water. He lived. The instructor rode the plane down into the water, dug the wheels in, flipped the plane over, hit his head on the roof and drowned.
Me: Ulp.
I always have this story in the back of my head when I consider ditching my Cessna 182, but ditching is still the best option at my field, I think. Crack the doors, get as slow as possible and try to belly in. And oh yeah -- cinch the lap and shoulder harnesses as tight as possible -- which, alas, will never be as tight as Pitts Driver's 5-point harness, which is why I worry about conking myself out. And get ready to swim up from underneath an overturned plane. And help my pax do the same.
I assume the default mode for a plane with gear welded down is that they flip on ditching -- it would be nice to figure out how to avoid that if possible. Maybe there's a way.
It would obviously be different if I had my choice of open fields or wide roads without telephone poles -- and there are a few fields I might shoehorn into ... but lots of unobstructed water.
I just hope I'll be able to resist the urge to do a 180 and try to get back to the runway. Every once in awhile it's instructive to go out and try that at 3,000 feet or so to see just how much altitude you lose.
I'm always encouraged when I hear about others who have done this and lived to tell about it. Remember the guy who flew his 172 down toward Florida about 20 years ago, supposedly shot himself in the stomach with a .22, ditched in the Atlantic -- and lived? Bizarre, but oddly encouraging that he could survive a ditching AND a shooting.