Hi Red,
This will need some tinkering...
The shark has to be just heavy enough to sink and will hang down in the water from the line that pulls it, like a sinker on a fishline.
The trick is, when the boat starts to move, that the shark follows with the right side up and doesn't start to rotate behind the boat, which would spoil the effect somewhat.
To this effect, the ballast in the shark must be as low in (or under) the shaft as possible and the tailfin should act as a rudder.
You'll have to adjust the breast fins so the shark gets pushed up to the surface to cause the dorsal fin to break the surface.
The breast fins will be the tricky part, as I know from experience; I had a 80 cm wooden sub ballasted down to the deck, with all the weight bolted underneath the hull.
I pulled the sub behind our 1:1 boat on a double line, attached to a horizontal shaft, which moved the foreward diveplanes up, or down a few degrees.
The idea was to be able to make the sub dive and surface while it was being towed.
Only when the sub was towed at a very low speed, this would work, if the speed went up, the turbulence behind the big boat and the slight differences in the dive plane angle and surface area would cause the sub to start rotating, making a mess of the two lines, rendering the diveplane controll inert.
As your shark is considerably smaller, the rotating issues may occur even at the low speed the ORCA reaches.
Let us know if you get it to work.
Regards, Jan.