A:AnswerIf you buy a waterproof housing for your GoPro, then yes, the stick will attach to the housing and will keep your GoPro floating while in its waterproof housing. The stick itself just keeps the camera floating. The new housing will make it waterproof.
A:AnswerIt's okay for selfies, but you'll have quite a bit of arm in your pictures. My favorite non-floating GoPro mount is the GoPro 3-Way Mount. I use it for everything. If you need one that floats then the GoPole Evo is my go-to pole. The GoPole Reach is also a really good one, but it doesn't float.