Sounds like a great camera. I have a Canon as well, EOS 50D. A reviewer of your model says in low light not to use "Auto", it won't set the ISO high enough. Your camera has aperture priority and shutter priority, these are better, but manual or custom probably are best with tricky lighting. It also says you have this setting:
"Special Scene (with a sub-menu including night scene, sunset, snow, fireworks, ISO 3200, color swap, indoor, foliage, beach, aquarium and color accent options)"
I'd love to hear how that works. Aquarium option... As an aside I want to know why canon can put high quality features in your camera and beat the price on mine by such a long shot. I can't even get a decent lens for that price. Guess I know what camera to recommend for friends from now on.
You might have to change the light metering setting to capture actinic light. If on "spot metering" it will lock onto that small part in the center and base the exposure on that. Great if you only want the coral you focused on but will not take into account any other objects in the shot.
I tried some actinic shots with my camera this morning just to see what would happen. Not so great. Got exposures as long as 1/6 second at ISO 1000! Probably will work better with a faster lens but still it's going to be a challenge.
What kind of results have you gotten so far?
Sorry I can't help you with switching to raw, it's in the menu under "quality" with my canon which maybe the same with yours as well.
Kate