[caleb-charles]

If the existing cathodic protection system is adequate, it should easily protect the portion of pipeline in the water as water is less resistive than soil. However, you might consider installing a permanent reference electrode in this location for occasional measurement.
I believe however that the biggest risk will likely be possible crevice corrosion at the tape to paint interface.
A very diligent visual inspection procedure should be established to insure the exterior of the pipeline remains corrosion free.
Please feel free to email me directly if you have any other questions.