Its highlight was the rediscovery of remnants of the terraces, which had long been thought destroyed.
"However, we found tantalising evidence from underwater photographs and side-scan sonar that remnants of both sites survived the eruption," said science leader Dr Cornel de Ronde of GNS Science.
Before the eruption, Lake Rotomahana was only about 20 percent of its present size.
As a result of the eruption the previous outflow of the lake became dammed, and over time it filled with water and formed the new Lake Rotomahana, much larger and deeper than the original.
One of the papers featured in the journal revealed what could be a sizeable magma body located under the southwestern end of the 17km-long explosion rift, near present-day Waimangu.
The interpretation comes from a geophysical technique called magnetotellurics that measures electrical resistivity of the Earth down to about 10km.
At its shallowest, the likely magma body was within about 2km of the Rotomahana lakefloor and its deepest extent is less clear, but it might extend down as far as 6km or 7km below the lake.
For Dr de Ronde, a magma body under the lake would account for the phenomenal amounts of heat and gas coming into the present-day lake.
It was unclear, however, if the magma body is related to the magma that rose up through the lakefloor in 1886 and mixed with water to produce the extremely violent eruption that blew the old Lake Rotomahana to bits.
Dr de Ronde said that, until now, no-one has seriously considered that a magma body under the lake might have played a role in the 1886 eruption.
"People have always thought the 1886 magma source was directly under Mount Tarawera," he said.
"My colleagues have shown there is another possibility."
The eruption - the most destructive in New Zealand for at least 200 years - saw half a cubic kilometre of lakefloor material ejected from the lake and splattered on the surrounding landscape.
The destruction of the majority of the terraces was perhaps not surprising, given that the eruption was so violent it was heard in Auckland and in the South Island.
Dr de Ronde said it was also the first time anywhere in the world where an on-land hydrothermal system had survived a volcanic eruption and being "drowned", and has still remained active.
"This project has been a unique opportunity to apply a lot of investigative technology in the study of a drowned geothermal system," he said.
"It was truly a pleasure to do this work and we hope we have left a legacy contributing to the history of this famous landmark."