The ND filter numbers (2, 4, 8...) are the powers of 2 of the full stops of light reduce by the filter. An ND2 is 1 stop, ND4 is 2 stops, ND8 is 3 stops. I'm sure there's a really good reason for complicating the numbering related to zone system calculations or something - dunno, but that's what they mean anyway. If you knew that already, my apologies but your inquiry read like you were trying to make sense of what each filter did.
IMO, since you're shooting flowing water shutter speed is
your main priority, so use M or Tv mode. Set your ISO (or pick your film) and shutter speed as your creative vision dictates, and apply your ND filter(s) to get the aperture into the range you want. That's my method anyhow, for what it's worth.