Re: packing peanuts??
I like the safety of having floatation. But I worry about the soda bottle idea because when a boat swamps, depending on where the floation is in the boat, the transom sinks deep with the weight of the outboard, and the bow sticks up. That puts the soda bottles as much as 8 feet or more below the surface, depending on the length of your boat. At only 4 feet, an air filled soda bottle starts to collapse, making it lose it boyancy because it is displacing less and less water as the water pressure is crushing it, causing it to sink, causing it to crush more and more the deeper it sinks.
Just something to think about when using soda bottles.
Bottles will work better if foam filled.
Also, if you read the Coast Guard regs on floatation, they recomend putting the floatation as high as possable, and leave the under floor area open so it will flood. This keeps the boat from rolling over and allows the people to stay in the swamped boat (shark protection?) rather than hang onto an upside down hull (shark bait?).