yes, let's think for a minute as to what ground effect* does for you...
OK now do you think that the water does the same thing?
That's what I think, but I also ask myself, how could water be different?
To illustrate my point, put some jello in the water, the water will thicken. Then, when the airplane is in 'jello effect' the airplane will oscilate because jello wiggles. Now, one could assume that the 'jello effect' is no different than the 'ground effect', but the first time some-body crashes an airplane because they got into a self-enforcing jello vibration wing-tip stall--I will not have that on my conscience.
* when you are flying close to the ground, the ground interrupts the wingtip vortices that swirl around to the top of the wing and spoil lift. Winglets are designed to do the same thing, so really (simplified version) a winglet provides greater lift by interrupting the air that wants to run from the high pressure side (under the wing) to the low pressure side (over the wing). The ground (or water) does the same thing when within a wingspan.