Dear mibn2cweus,
Sure, I know that water per se is a small fraction of the Earth's composition.
Ty for your very interesting reference though.
The critical thing however is water's unique chemical and physical properties as I pointed out earlier.
Most of our Earth is now composed of relatively inert (non-reactive chemicals) like complex silicates. Its iron-core is free from oxidation (rusting) because of the lack of oxygen at the core.
Please ask yourself why astrophysicists, when looking whether life ever existed on e.g. Mars, are concerned as to whether water/ice is still hidden below the surface by burrowing into that surface (where it might now be protected from the sun's irradiation). I guess, eventually that water/ice will be found on Mars. In fact, look for it deeply enough or anywhere including on comets or asteroids and you will find it - just chemistry and thermodynamics. But that only suggests that life (e.g. bacteria) might have existed there.
It's not about the percentage of water but rather its unique chemical and physical properties that count. Your pituitary and hypothalamic glands are only a tiny percentage of your body-weight but you would not exist without them! So we can't play the percentages game on this subject.
I know I have concentrated on water in relation to life on earth and elsewhere, but I believe that is what Tora Tora Tora's question and the comet/asteroid research is all about.
A biassed finale: it's really astrochemistry using physics as the booster:)
Kind Regards,
SIQ.