To know for sure how effective the
water pump idea would be you just need to time how long it takes to fill a known quantity container with water with the outflow. I think a couple of high capacity
bilge pumps, like 2000 gph or more, would be more effective. As long as the engine is running you have electricity to run the pumps.
The
inflatable flotation bags is interesting. I think it's been discussed on the forum before. Again though, the amount of volume your
dinghy pump puts out will determine how effective this strategy could be. Once you determine how much flotation it would take to actually keep your boat from sinking, and where you could deploy it, you will be able to calculate how big a pump you need to inflate them in a given amount of time. For a quick idea though, consider how long it takes to inflate your dinghy and how many you would need to keep your boat afloat if you could stuff them inside.