Just tossing this out there, but if you want to farm in the ooze on the sea-floor, you'll need to pump some water out without covering the bottom with magma. otherwise you'll have a lot of obsidian floor instead of ooze.
No, this wasn't the case when I built a shapeless obsidian tower thing on a white sand in z=-5 below the ocean's surface. The obsidian did sit on top of that white sand, didn't change it into obsidian or anything.
I know that I can only dig these parts of the first layer of ooze that are covered by obsidian (and thus not damp), but there are 4 or 5 ooze layers in total at the bottom of the sea; no aquifers in the top 2 of these. That will be more than enough for farming.
Kind of a minor note for the cave-in heavy propositions earlier in the thread: You can disable or change the display of announcements now. Their behavior's controlled by the /data/init/announcements.txt file.
Hm... that would be a good reason to do this in DF2010, but I had a hard enough time to find this idyllic map in 40d, so I don't feel very much like genning maps in DF2010 over and over just for this. Also, lack of Dwarf Therapist support for DF2010 does stop me from doing this... yes, I am such a crybaby about the interface.

Progress is slow, but steady, by the way. The catwalk on the water is now at the spot where I want to set up an extra obsidian blob (quarters for the miner, booze pile). The magma-duct is slowly approaching the same spot, but still 70ish tiles too far south to take the turn to the left.
The power generator for the main magma pump stack had some issues, but seems to be fixed now.
To entertain myself while watching the dwarves build the magma-duct, I'm giving one of the 2nd generation dwarves a full training in all applicable skills... she's legendary engraver and miner already.
This one and her husband are freaks of nature... or freaks of my bad memory. I had set the length of childhood for dwarves to 2 before, when I had run out of adults for my experiments on the white sand. Now I was sure that I had reset that, but little Zasit and Reg became adults at the ripe age of 2... after all, I had forgotten to save the resetted raw file. They fell in love with 3 and married with 4-5. Now at erm 8(?) years, they already have 3 kids.
The more amusing part of it is that Zasit's elder brother is still a child.