I agree with Zands, but I still think it's worthwhile using. I get a lot of algae and waterplants (from my own place) that I use for mulch and whatever nutrients that are in them. I also use woodchip. Waterplants do dry down to less bulk than when fresh, but there's still a lot of organic matter there. If you want more biomass, and there's plenty of water grass, just use more. But don't let it pack down into an anaerobic mess. That's where my woodchip helps.