I don't know any tut's on the fluids other than what's on the online docs. But with your original setup...I'll do some R&D because this interests me too...

Habib Zargarpour (the particle man who recently switched from ILM to EA) talks about creating the ocean effects for the movie Perfect Storm in the Maya: Secrets of the Pros book but unfortunately he doesn't reveal the details. Don't get the wrong impression. The chapter he wrote is really awesome. It gives you the idea what is involved to create the final look. It really isn't that simple . After I read that chapter I went and rented the movie