This is the water column height, not wave height so unfortunately it wouldn't even be notice at sea, it's more like the tide change but since you are in open ocean, you don't have any reference to measure it by. Without the GPS on the buoy, it wouldn't notice it either. The flashing buoy's in the video are listed as Tsunami warning buoys activated after the earthquake.
Interesting data points and could be an issue if the height carries over to shore where it could turn into a Tsunami. And while the data points are interesting without a historical reference to see if this is normal or directly related to the earthquake its hard to understand what is going on.