Hello Harry, sorry your are having this issue.
I will put it to testing. Looks like some of the waviness is gone.
I am guessing you already adjusted the water and reflections slider in the TAB TAB matrices.
Intel(R) Core(TM)2 Quad CPU Q6600 @ 2.40GHz, 2400 Mhz, 4 Core(s), 4 Logical Processor(s), 8gb RAM, Nvidia gtx660, Windows 7 Pro 64bit