Here's another view and I think it shows that the balcony is jutted out far enough, and that the lifeboats are tucked in under well enough, that you s/b be able to look down to the water.
http://www.cmport.com/80256A0D0044AD00/sysOakFil/X_Jevel_2583/$File/125_2583.JPG
p.s. On this picture, you can click on the pic and it explodes it to larger. It gives you a great view.