Honolulu is unusual in that several of the headline attractions on the tour listings are public, cheap or free from land. Here is what each boat is genuinely charging you for once the free version is accounted for.
The Friday fireworks. The Hilton Hawaiian Village fires its display every Friday evening from its own beachfront, and watching it from Waikiki Beach costs nothing — no ticket, no reservation. The show runs about ten minutes and starts at 7:45 pm for most of the year, moving to 8:00 pm through the long summer evenings, so a boat that lists a fixed departure is shifting its schedule with the season too. Against that, $56 or $72 buys an offshore angle with the whole hotel front behind the shells, a drink, and no negotiating for a patch of sand. That is a real product; it is just not access, because access is free.
Pearl Harbor. The USS Arizona Memorial programme — the film, the museum galleries and the Navy shuttle boat out to the memorial itself — is run by the National Park Service and is free. Reservations go through recreation.gov, which charges a booking fee of one dollar a ticket, and they release 56 days ahead at 3:00 pm Hawaii time and are gone quickly in peak months. So the $51 guided tour is not buying you the memorial. It is buying the round trip from your hotel, a guide, and somebody else solving the reservation. Weigh it against the site's genuinely strict security: no bag larger than about 1.5 by 2.25 by 5.5 inches unless it is clear, with paid lockers at the visitor centre entrance for anything bigger.
Snorkelling with turtles. The shore comparison is Hanauma Bay Nature Preserve on the southeast corner of the island: 25 dollars for a non-resident adult, free for children twelve and under and for residents with ID, and 3 dollars to park. It closes Mondays and Tuesdays and releases entry tickets online two days ahead at 7:00 am Hawaii time, so it is a planned excursion. TheBus reaches it on a HOLO card — a two-hour adult pass is 3 dollars, with daily fares capped at 7.50.
Two adults can therefore snorkel at Hanauma Bay for 50 dollars in entry plus about 12 in fares, against 118 dollars for the same two people on the cheapest boat snorkel. What the cheaper day does not include: Turtle Canyon itself, which is a reef shelf about two and a half miles offshore and reachable only by boat; the gear, which you either rent at the bay or carry; a Monday or a Tuesday, when the preserve is shut; and any guarantee of a ticket at all, since the online release is small and competitive. Hanauma Bay is the better value and the boat is the better odds — and a four-hour Turtle Canyon ticket with a hotel pick-up is buying the ninety minutes of logistics that the bay makes you do yourself.