Is this good English?
Falling into the ocean, the drop dies as a drop, but not as water.
Or should I say:
When it falls into the ocean, the drop dies...
Starting a sentence with a verb in an -ing form is perfectly valid and acceptable. If properly used, it sounds dramatic and professional.
As for what you propose - it sounds fine, but I'd omit the first comma, thus writing:
Definitely correct to use the latter, although both are technically correct according to english rules...