The problem of 'liner float' results from ground water levels that are HIGHER than pool water levels.
Hydrostatic valves are utterly useless with vinyl or fiberglass pools. They depend, for function, on water under the pool reaching a higher pressure than water in the pool -- but for this to happen, you have to have a heavy pool -- concrete!
On liner pools, the liner bulges long before there's sufficient pressure difference to open the check valve on a hydrostatic valve!
You have two options:
1. During wet times, raise the water level in the pool to the overflow point, OR
2. Install a 'french drain' in the ground around the pool, with the drain piping at least 2' below the normal water level of the pool. Drain this piping into a 'sump'. An old 30' gallon poly barrel would be perfect. Place a automatic sump pump in the barrel, and run discharge piping to some point downhill from the pool.
Right now? You should raise the water level in your pool. Try to gently work the liner back into place, as the water level rises. Hopefully, you'll avoid liner wrinkles.
Good luck!
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