I have water cured b4 and I think its pretty nice. You can expect to get about a 15% return on your wet weight instead of 25% on air dryed and cured buds. Its very simple to do and the smoke is very smooth and has a higher level of THC (per weight than air cured)
Step 1 cut and trim bud (dont leave a main stem on it, get it in nug form)
Step 2 fill container with buds half way full, then fill with water (RO water works best)
Step 3 make sure buds are completly submerged in water (not floating) use something to hold them down (do not cover container, place in dark cool area)
Step 4 every 24 hours, drain and replace water with fresh room temp water, do this for 7 days, then dry your buds untill they are smokable. I like to use a food dehydrator on the lowest setting, checking them every hour or so untill they are done. Then jar them up and keep as a Stealth stash
Trichomes are not water soluble, so considering the final return rate of 15% vs 25% for air cured......you should have more bang per weight.
Downsides you will lose the smell and taste (but I like that sometimes, when I need to light up Stealth style)
Upside Stealthy smoke, smoother than air cured, stronger per weight than air cured.
If your harvest was a good one, try some water curing.............it has its place
Stlmatt