Oh dear, oh dear, oh dear.
These are guys with the Search and Rescue teams who have been trained in sea rescue as part of their jobs. It is in their job description for which they are remunerated.
So, just doing your job surely is not 'outstanding gallantry beyond expectations' if your winch fails, you fall in the water and your colleague rescues you. As for taking over from Moberg or Olsson in Y74, he was perfectly safe! Winched the whole time.
The Finnish rescue teams had no problem diving into the water because that is how they trained and they were ready for bad weather, which often correlates with the need for rescue.
Getting a medal for gallantry for ISTM no fault of his own regarding the winch, hardly explains why he alone received it, plus between 1995 - 2005, the only others were pilots shot down in 1952, awarded posthumously.
A faulty winch dropping you into the sea is not equivalent to being shot down whilst in action.