I know this post is from 2012 but did anyone try this suggested method with success? I have the same problem where I have DEMs and the 100yr floodplain polygon, but no accurate depth information or cross sections. I basically want to subtract the 100yr flood water depth from the DEM and the normal stream height, for an area covering an entire county (in the united states). There's supposed to be a way to set this up with a NFHL dataset for Hazus analysis, but the county I am working in doesn't have cross sections for the entire floodplain in the NFHL dataset, so the resulting "depth grid" from the Hazus method is much smaller than the actual floodplain and won't accurately predict damage from a simulated flood.
Did anyone tried the method? I have the same situation.