Hunt's song "The Bold Fisherman" is more extensive in its original. See this thread:
There Was a Bold Fisherman

As for the reversal--a sailor surviving--there's "Fare Thee Well, My Dearest Dear", where the one who drowns (along with most of the crew, presumably) is the sailor's true love, who insisted on going with him disguised as his cabin boy. But this occurs on the briny. There are also all the Robinson Crusoe songs, for that matter.