That said I now recall that the mechanism releases the liferaft from the boat for manual inflation from the water - am I right?
No.
The hydrostatic release cuts through a line which forms part of the lashing, so the cannister can escape up to the surface. The painter is attached via a plastic weak link (comes with the hydrostatic) and remains attached to the boat. So the painter is pulled out as the cannister rises. Once the boat sinks to the full length of the painter, the raft inflates. The inflated raft has too much buoyancy to be pulled underwater, so the weak link breaks, releasing it from the boat.
The line which the hydrostatic cuts is a loop that passes through the weak link. So until the hydrostatic goes off the weak link is not weak. This ensures the raft (if released manually, for example) can't escape from a boat that is still afloat. In that case you'd cut the painter to get away.
The video ends before the boat is likely to have sunk far enough to pull out the whole painter. So we don't know whether the rafts worked or not.
Pete
So what happens if the water isnt deep enough to pull the painter, but is deep enough to drown in?![]()