I could never understand putting on a tall snorkel while leaving the exhaust at its stock height. When the day comes for me to install a snorkel, an extended exhaust stake will go with it.
But there are other factors to consider as well.
It's not enough to have snorkels and extended exhaust. Not for the depth of water plus perhaps the distance involved during fording.
I have a 1951 Dodge M37. This truck was the HUMVEE of its day. It came set up for fording, and with an add on snorkel and exhaust stack, it could be totally submerged, with only the top of the snorkel and stack showing, for hours. The military used to delight in making demonstration films showing this for various vehicles. It's especially impressive for M35 and M54 6x6 trucks.
The electrical system was totally waterproof. Including special spark plugs with screw on boots. The distributor was encased in a waterproof shell.
The engine had a fording control. When a cable on the dash was pulled, the PCV plumbing was shunted so that it was turned off. This caused the blowby gasses to pressure the engine.
There was a drain plug added to the bellhousing to seal it. The plug was added before fording.
The axles, bellhousing, transmission, transfer case and fuel tank were all vented to the air intake.
The radiator fan was constructed so heavy duty that the blades would not pull forward in water and chew up the back of the radiator.
All instruments were waterproof. All wiring harnesses are waterproof.
And not just fresh water, but proof against salt water.
So the usefulness of fording stacks that reach to the top of the truck are questionable if the rest of the system is incapable of fording that deep.
Having said that, a V-8 often lowers the level of water needed to enter the valves verses an I-6. An extended exhaust stack might be a consideration if it is possible for water to reverse flow to the heads.