I generally just use a disposable nappy under a swim costume (this has worked for previous two children), DD2 has only been swimming twice at 6 months but seems to love the pool, she certainly loves her bath. We're going away in August to a villa with private pool and I'm thinking she will be in and out of the pool a lot so swim nappies will take up a lot of luggage space ( I always take swim nappies and disposable nappies as they are so much more expensive abroad). I started to wonder about buying a reusable swim nappy and have found happy nappys seem to be about the best. On the web site they say they are fine to use by themselves but a liner may help with the cleanup of any mess, however most people on any discussions seem to use a disposable underneath so I wondered why and if it was totally necessary. It seems to be pretty pointless if that was the case as I would still have to use all the luggage space in the disposables as well as paying out for the happy nappy costume.
Btw I know people say often babies don't poo in the water but maybe I'm just unlucky but all 3 of mine have on a fairly regular basis (they have all been breast fed so may be that)