A couple of people have asked if lead or foam could be tucked inside the AR-15 handle grips to adjust buoyancy. There's room, but the little rubber plug that can be used to seal the end of the grip doesn't seem like the most secure attachment. But I saw a coupling nut used in a similar applicaton recently, and it gave me the idea for this quick modification
You would just need to replace the normal grip screw with a threaded section from a stainless bolt, and a coupling nut. Cut a shallow slot in one end of the coupling nut so that a screwdriver can be used to tighten it down and secure the grip to the handle frame. Then, you have a female thread available to secure weights or foam inside the grip using an additional, longer screw. It should be an easy way of making small adjustments to get the buoyancy just the way you want it, without cutting int the gun.