I don't understand why plastic kit companies feel like they have to reinvent the wheel. About twenty years ago two companies figured out two different, completely workable ways to offer the "waterlne" and "full-hull" options in the same kit.
Italeri's 1/700
Deutschland- class German pocket battleships have underwater hulls connected to the upper hulls by thin plastic gates, which the modeler slices away. The result is a guaranteed perfect fit. The tooling to mold a hull like that (upper and lower parts in once piece, with countersunk portholes on each side) probably is extremely expensive. But Airfix, in its last efforts before giving up on warships, came up with a beautifully simple solution to the problem: mold a groove at waterline level on the inside of each hull half. For a full-hull model, the modeler leaves the parts as-is. For a waterline model, he runs an X-acto blade along the groove and snaps off the underwater portion. That takes less than five minutes.
Trumpeter, Tamiya, ICM, et al - are you listening?
Youth, talent, hard work, and enthusiasm are no match for old age and treachery.