Monocular depth estimation has recently progressed beyond ordinal depth to provide metric depth predictions. However, its reliability in underwater environments remains limited due to light attenuation and scattering, color distortion, turbidity, and the lack of high-quality metric ground truth data. In this paper, we present a comprehensive benchmark of zero-shot and fine-tuned monocular metric depth estimation models on real-world underwater datasets with metric depth annotations, including FLSea and SQUID. We evaluated a diverse set of state-of-the-art Vision Foundation Models across a range of underwater conditions and depth ranges. Our results show that large-scale models trained on terrestrial data (real or synthetic) are effective in in-air settings, but perform poorly underwater due to significant domain shifts. To address this, we fine-tune Depth Anything V2 with a ViT-S backbone encoder on a synthetic underwater variant of the Hypersim dataset, which we simulated using a physically based underwater image formation model. Our fine-tuned model consistently improves performance across all benchmarks and outperforms baselines trained only on the clean in-air Hypersim dataset. This study presents a detailed evaluation and visualization of monocular metric depth estimation in underwater scenes, emphasizing the importance of domain adaptation and scale-aware supervision for achieving robust and generalizable metric depth predictions using foundation models in challenging environments.