I have found a craftsman 12mm wrench works just fine without modification.
Or go spend a few bone at harbor freight and grind on one.
I have sunk just about every ski I have owned except my freak. The motor is totally fine to ingest water, long as you don't hydrolock (bend a rod BC trying to compress water) you can remove both plugs, flip upsidedown (get a buddy or three to help) crank out the water, install new plugs and brap brap. It is very important to not wait a few days BC your crank will rust and a new OEM crank alone is more than new top end. Ingesting water will not hurt your top end, unless you hydrolock.
Next step is to ride the ski after ingestion. Do not just get it running again and call it a day. You MUST put a load on the ski to get out all the moisture. Learned this the hard way.
Please give us more info on the sinking. We are hear to help get you back out on the water!