The sizing of the 3/8 NB [15 mm] solenoid valve would not be an issue with respect to flow as an orifice disk in the fire monitors would determine the flow and spread characteristics of the water. The disadvantage is the larger the valve, the larger the coil & corresponding current draw
Conversely for the ballast/de-ballast function, the minimum in tube work restriction is advantageous...so the 3/8 valves would be fined as their duty cycle in ballasting is low . With the de-ballasting, you could switch the valve open and gravity will take over to the common water level....then pump out the balance
If you were using a reversible pump, you could consider de-ballasting via the same pipework
The system can have double bottom, side and topside tanks......... in real life, these are all individually connected and valved [1 solenoid valve = 1 tank, or 1 valve = 1 pair of common tanks],
Ballast tanks have extensive partitioning to impede the free movement/flow of water.The respective tanks must be 'pressed up' [filled up] to prevent water movement. To allow for this pressing up, ballast tanks also require air vents [a small 180 degree tube bend on deck to atmosphere]
Those Yorkshire capillary copper tube fittings would be ideal [90 degree Elbows, Tee's & straight unions & screwed unions for the solenoid valves] with K&S brass tube for the ballast main... all soft soldered.......[flooded suction, sea chests, basket strainers .....the ballast system could be a wonderful project in itself]
Look to the left of my postings.......based in Wollongong..........Derek