Re: Floating foam, to remove and replace or...
Nandy, Older boats had foam that would absorb water. The newer foam is "closed cell" and does not absorb water. I would think that if the wet foam was giving your boat structural support (like my SeaRay had), you need to replace it with new foam.
One side effect of soda bottles is that you can never pack them tight enough to provide the same amount of floatation as foam, in a given volume. In addition, you would be hard pressed to use soda bottles to provide structural support.