Before I leave this thread to work on the ideas you've given me I leave the current information on Edward Waterson that I've collected in case it's of use to others.
Year/Day month/Trade or profession/event/location/text/source
1804? Birth Isle of Man Probably born 1803-04 1851, 1861 England & Wales Census. Death Certificate
1827 11 Jul marriage Liverpool Edward Waterson marries Margaret Jane Elizabeth Cowley on 11th July 1827 at St Nicholas Church, Liverpool. Was Margaret Jane married twice? Daughter Emma Jane Waterson b1840 birth certificate. 1851 Census. IGI Batch M005992
1828 27 Jul Birth of daughter Liverpool Jane Elizabeth Waterson is baptised at St Nicholas Church on 27 Jul 1828. Parents are Edward and Margaret Jane Waterson IGI Batch no. P005994
1830 28 Feb Birth of daughter Liverpool Eliza Anna Waterson is baptized at St Nicholas Church, Liverpool on 28th Feb 1830. Eliza is noted as aged 14 and a "stepdaughter" in 1851 Census. However, in 1841 census she is noted aged 10. 1841 1851 Census. IGI Batch no. P005994
1832 08 Jan Birth of son Liverpool Edward Cowley Waterson is baptized at St Nicholas Church, Liverpool on the 8th Jan 1832. Parents are Edward and Margaret Jane Waterson. Possibly registered Mar 1844 Liverpool vol 20 page 522 Edward may have died before 1841 as he does not appear in the family's census record of that year. IGI Batch no. P005994
1833 01 Dec Birth of son Liverpool Benjamin Waterson is baptised at St Nicholas Church, Liverpool on the 1st Dec 1833. Parents are Edard Waterson and Margaret Jane Waterson. IGI Batch no. P005994
1835 04 Oct Birth of son Liverpool Henry Daniel Waterson is baptized at St Nicholas Church, Liverpool on 04 Oct 1835 Parents are Edward and Margaret Jane Waterson 1841 1851 Census. IGI Batch no. P005994
1837 24 Aug Birth of daughter Liverpool Margaret Jane Waterson is born on 24th Aug 1837. Parents are Edward and Margaret Jane Waterson. She is baptised at St Nicholas Church Liverpool on 17 sep 1837. Registered Sep 1837 Liverpool v20 p192 IGI Batch no. P005994 Free BMD
1840 18 Nov Cordwainer Birth of daughter Pownall Street, Liverpool Emma Jane Waterson b1840 is born 18th Nov 1840. She is baptised at St Nicholas Church, Liverpool on 20th Dec 1840. Parents are Edward and Margaret Jane Waterson Daughter Emma Jane Waterson b1840 birth certificate. 1841 1851 Census. IGI Batch P005994
1841 06 Jun Shoemaker information Lower Pownall Street, Liverpool Edward Waterson aged 35 Shoemaker living in Lower Pownall Street, Liverpool with Jane Waterson 35, Eliza Waterson 10 Henry Waterson 5 and Emma Waterson 6 months. 1841 Census
1844 21 Jan Birth of son Liverpool Edward Cowley Waterson is baptized at St Nicholas Church, Liverpool on 21st Jan 1844. Parents are Edward and Margaret Jane Waterson. Possibly registered Mar 1844 Liverpool vol 20 page 522 1851 1861 Census. FreeBMD. IGI Batch P005995
1844 Death of Spouse Liverpool Margaret Waterson death Mar 1844 Liverpool v20 p387 Free BMD
1845 Marriage Liverpool Edward Waterson marries a second time, to Jane Elizabeth Hodson Sep 1845 Liverpool v20 p251 Free BMD
1846 24 May Birth of daughter Liverpool Amelia Ann Waterson is baptised at St Nicholas Church, Liverpool on the 24th May 1846. Parents are Edward and Jane Elizabeth Waterson. Registered Liverpool Jun 1846 Vol 20 Page 627. 1851 1861 Census. FreeBMD. IGI P005995
1847 21 Nov Birth of daughter Liverpool Sarah Ellen Waterson is baptised at St Nicholas Church, Liverpool. On 21st Nov 1847. Parents are Edward and Jane Elizabeth Waterson. 1851 Census. IGI P005995
1849 24 Jun Birth of son Liverpool Albert Edward Waterson is baptised at St Nicholas Church Liverpool 24th Jun 1849. Parents are Edward and Jane Elizabeth Waterson. 1851 1861 Census. IGI Batch P005995
1851 30 Mar Boot and Shoemaker information St. James Street (6), Liverpool Living at 6 St James Street, Liverpool is Edward Waterson 48 Boot and Shoe maker born in the Isle of Man, wife Jane Elizabeth Waterson 43 born in Devonport, son Henry Daniel Waterson 15, Apprentice Boat Builder, step-daughter Eliza Francis Waterson 14 Scholar, daughter Emma Jane Waterson 10 scholar, son Edward Cowley Waterson 7 scholar, daughter Amelia Ann Waterson 5 scholar, daughter Seraa? Elizabeth Waterson 3, son Albert Edward Waterson 1 all born in Liverpool. Jean Richards widowed Mother-in-law 48 born in Devonport, Married son-in-law William Henry Wilkinson 32 Provision Dealer born in Ireland, Anne Jane Wilkinson his wife, 20 born in Liverpool, Richard John Wilkinson his son 10months born in Liverpool and Henry Gawn ? 22, servant Boot & Shoe Maker born in Isle of Man. 1851 Census
1861 07 Apr Boot Maker information St. James Street (4), Liverpool Living at 4 St James Street, Liverpool is Edward Waterson aged 48 Bootmaker born in Isle of Man, wife Jane E Waterson, 53, Jane Richards widowed mother-in-law 77 born in Devonport, Elizabeth F Hodgson sister-in-law 24 born in Devonport, son Edward C Waterson 17, a bootcloser, daughter Amelia Ann Waterson 14 scholar, son Albert Edward Waterson 11 and Catherine A Wilkinson Granddaughter aged 9 scholar all born in Liverpool. 1861 Census
1862 23 Mar Shoe Maker Marriage of daughter St Michaels Church, Liverpool Daughter Emma Jane's marriage to Henry Watson Hall b1839? Daughter Emma Jane's wedding certificate
1867 07 Mar Master Shoemaker Death St James Street (4), Liverpool Master Shoemaker, Edward aged 64 of Rheumatism, not certified, on 7th March 1867 at 4 St. James Street, Liverpool. Registered 8th March 1867 by Richard E Wilkinson of 5 Surrey Street, Liverpool, present at death. NB. he is not shown as deceased on daughter Emma's wedding certificate 1876. Death certificate