Water interaction with character

[larry.vasquez]

I've got an ocean scene I'm testing for animation and using V-Ray's Water Vector Displacement. I'm testing on the wave simulation and think that shouldn't be a problem to get something nice, but I'm wonder about the character interaction with the water and seeing if anyone has a good solution for use with V-Ray in Modo.
P.s. I also have Maya, so if there is a good solution there, that I can import to Modo and use V-Ray, that is an option (i.e. Phoenix FD).