Interesting subject. Flooding has been around for a long time. However, in my experience any testing that we have done on flooded fill shows that it does not usually meet the specification that we assigned to the job.
On this subject here is a story. I once visited a house construction job in Janesville, WI where the contractor flooded the fill he placed in an attached garage. That garage floor was at an elevation of the original ground. The house had a basement that had its shared wall between the house and garage. Basement was about 8 feet below the garage floor. Soil in the area is generally outwash sand and gravel from a glacier many yers ago. A wind blown silt then developed on that granular material about 4 feet thick. The house had a support beam in its center perpendicular to the wall. The pressure of saturated soil pushed the wall totally in and it dumped a large quantity of that saturated soil into the basement. The support bean, sitting in pockets on concrete walls at each end, got pushed out the of its far pocket about 5 feet by the failing concrete basement wall. When I talked to the contractor about this flooding practice, he said he has done that for many houses and had no problems until then. My response was "I bet you never will do that again".