Thanks all for the feedback. The ladder on my boat is made of a heavy gauge stainless steel and it has a life time warranty. My biggest concern is how bad it will tear the boat up and I will go out with others a few time before I do it on my own boat. I have a fiberglass deck w/ snap in carpet. The boat is a 2000, not brand new. Though I do like to take care of things I own. I do own a VHF Radio and know how to use it, in case of an emergency there is always a Coast Guard or Leo near by.
I am looking at joining a diving club, I went to one of the meetings and noticed one of my instructors was the President and another one was also present at the meeting. If I went out I would make sure to get someone who is much more expeirenced than I am and who also has experience on the wreck already.
Some of the guys in the club also own boats that are geared for diving, though I would like to use every so often.