When I installed the new transducer for my
Garmin earlier this seanon (after using the same water filled bag meathod to determine placment under the V berth worked well), I picked up a small bottle of ultrasound gel from a local vet's office, and poured a thick layer down (the stuff is thick enough that it doesn't run so I didn't need to dam it). I then put a very thick bead of 3M 4000 adhesive sealant (I didn't want to go quite as perminant as 5200) around the outside of the transducer down to the hull.
This works amazingly well, I get fantastic bottom resolution and very detailed returns from anything in the water below the boat, many times better then the water filled bag. The only problem is when it auto switches down from it's normal frequency (200Khz) to the lower frequency (50Khz) the clicking is rather loud inside the cabin...
I'm still going to seal a small section of PVC to the inside of the hull around the transducer and fill it with water and cap it off, but just because it should help mute the sound of the transducer in the cabin. the ultrasound jelly provides a fantastic interface against the fiberglass hull.