FYI, I live right next to this area and it's almost as central as you can get in Cambridge, so it's super busy - people and cyclists coming through this field all the time, including myself. There are plenty of fences around the roads and land borders of the commons, but it's just the canals that have these special uses that require a lack of fences.
Seems like maybe the fence could be put up some reasonable distance away from the water to leave enough usable space along the shore for people. I see that done here where I'm at sometimes.
The collars allow for restricting the movement of cows, while leaving the entire area open and unencumbered for everything else.
The shock from the fence was mild, but the cows knew about it and respected the fence. And when the area was grazed out, you moved the fence and gave them a new area. Any "right to roamers" that wanted to cross the field could easily duck under the fence. No problem. Mind you, this was in rural south Germany, not urban Britain. We did get right-to-roamers, sort of, because there was a somewhat popular swimming access to a small lake on our pasture.
There definitely was serious boat transport in the area- midsummer common hosted a fair; historically fairs were actually vital to the economy as a lot of goods were exchanged there, and even more contracts for goods. Nearby Stourbridge fair was the largest in Europe: https://en.m.wikipedia.org/wiki/Stourbridge_fair and the inspiration for Bunyan's "Vanity fair" in "Pilgrim's Progress"
Surely it must be well-known that it is exceedingly rare, but valuable, for an organization to document why they didn’t do certain things.