Planning this out to see if it's worth the effort. I think a set up like that water rig is the best, though I'd like to set it on a sturdy tripod, as well having the camera on a tripod level with the sight line.
I'm thinking about the following locations (all San Diego county) with elevations:
Ocean Beach
32.750551, -117.252887
H=4ft
VH=12837ft
Angle=89.98°
Expected Dip=(00.02°)
Point Loma
32.703142, -117.249516
H=400ft
VH=129369ft
Angle=89.82°
Expected Dip=(00.18°)
Black Mountain Glider Launch
32.987933, -117.122248
H=1160ft
VH=220307ft
Angle=89.70°
Expected Dip=(00.30°)
Black Mountain Summit
32.981675, -117.116565
H=1376ft
VH=239943ft
Angle=89.67°
Expected Dip=(00.33°)
That's about the most elevation I can get locally and still keep a pretty sharp contrast to the horizon. I don't gain much altitude without going further inland but then horizon gets fuzzier.
At 1376' I only calculate a dip angle below horizontal of 0.33°
I don't really care about measuring the dip. Only whether or not it is detected. But that means making sure I have an accurate level sight line. The water level rig is great because then I don't have to worry about leveling two things. I just need to level the camera.
I played around with a 4' carpenters level on a tripod, using a plumb line/square, the bubble level on both the level and the tripod, (and yes, even my iphone, for what it's worth) to try to make it level, but who knows if it's +/- a degree from 90°?
Anyway, here's the shot:
DLSR camera was not on a tripod.
I didn't get it lined up quite right. I wanted the centerline of the level to be horizontal but my camera elevation was little too high. But the perspective vanishing point is above the visible horizon. All of the photos were like this. None erred to at or below the horizon contrast point. At only 400', though, and a predicted "dip" of less than a quarter of the angular diameter of the sun, I'm not sure this is meaningful without a true level set of indices.
I'm just playing around right now. Trying to make a plan before I spend time building a leveling rig and making the hikes.
(The photo above without the annotation:
http://oi65.tinypic.com/9hi0dk.jpg)