The performance of a communications equalizer is quantified in terms of the number of acoustic paths that are treated as usable signal. The analysis uses acoustical and oceanographic data collected off the Hawaiian Island of Kauai. Communication signals were measured on an eight-element vertical array at two different ranges, 1 and 2 km, and processed using an equalizer based on passive time-reversal signal processing. By estimating the Rayleigh parameter, it is shown that all paths reflected by the sea surface at both ranges undergo incoherent scattering. It is demonstrated that some of these incoherently scattered paths are still useful for coherent communications. At range of 1 km, optimal communications performance is achieved when six acoustic paths are retained and all paths with more than one reflection off the sea surface are rejected. Consistent with a model that ignores loss from near-surface bubbles, the performance improves by approximately 1.8 dB when increasing the number of retained paths from four to six. The four-path results though are more stable and require less frequent channel estimation. At range of 2 km, ray refraction is observed and communications performance is optimal when some paths with two sea-surface reflections are retained.