We have been doing some testing with running 24 volts down the tether and converting it to 12 volt DC at the ROV.
I just installed this unit on the ROV and have been running the ROV in a pool, and will perform some open water tests soon. The best part of the DC to DC converter is 5 amps down the tether will get you 10 amps at the ROV motors, so the line loss in your tether is reduced by the lower current draw. The 12 volt DC voltage drop down stream of the DC to DC convertor is very small as the wires between the converter and the motors is typically less then a couple of feet.
See this post for additional information
http://www.homebuiltrovs.com/rovforum/viewtopic.php?f=15&t=774The other thing I wanted to mention is stranded wire comes in two types.... thicker strands and fine strands. The thicker standed 14 gauge wire is typically used in AC conduit applications. The finer stranded wire is used in the automotive industry. The fine strand is more flexible.
If you have one, stop by your local surplus store, as they tend to have wire on bulk rolls at a great price. I typically pay .05 for 16 gauge and .06 for 14 gauge wire.