I havent tried it but heres my .02
Many consider camo on wetsuits pretty useless but I like to think it is advantageous. The most obvious reason being that if camo didnt help why have fish developed camo themselves. The dazzle pattern that you're asking about doesnt hide the object but makes size and range estimation difficult to humans. Fish have lateral lines that can detect the vibrations of objects in the water from the minute pressure waves these vibrations create. The lateral lines allow fish to detect, size relative shape, distance and other more nuanced characteristics of objects. In my opinion this would basically negate the benefits of the dazzle pattern.
You might wonder why this wouldnt stop other types of camo. My reasoning is, that types of camo that allow a diver to blend with surroundings can confuse the fish. For example, a suit that makes you look like your part of the surrounding reef. The fish can still feel your presence but when you are close to the bottom you look like a rock. This mixed signal sometimes confuses the fish.
(..).