Well, AFAIK the intended purpose of the snorkles is not necessarly to allow the motor to breath while it's being submerged in water. The actual purpose is to direct a cleaner air supply to the motor by elevating and offsetting the intake point higher than the usual airborne dust and debries pathes common in certain driving conditions/environments frequently found in the developing/third world countries. The main LC market and area of operation.
I also do recall a statement I read in an off-road magazine once stating another reason to use snorkels on LCs and similar vehicles being that many of these vehicles are frequently used by military and simi military units across the globe ( also heavily used by UN personnel ). And many of those units/groups tend to travel in a form of convoys / motorcade formations with often multiple vehicles driving the same path (usually an unpaved, dirt/sand trails or roads). This form of driving, the magazine article stated, can mean an accessive amount of airborne dust going into the following vehicles' intakes raised by the vehicles ahead, causing performence and reliability losses. A snorkel was the ideal solution for that problem. Another indicators to this fact were the "pre-cleaners" you often find mounted atop of the snorkles to reduce the amount of contaminations even further.
This actually make some sense when you notice how many of the Ause. North African, Middleeastern and South American vehicles comes standered with snorkels or at least have them as available OE options...
Just my thoughts about snorkels