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Often when you enter a water crossing , the front of the car does a "nose dive" into the water, this can bring the water level over the bonnet, even though the water may only be up to the top of the tyres, also if your water crossing is muddy, you can get stuck nose first submerged waiting for a recovery.
The factory breathers are open with no filters, extending them lets you put filters on ,when driving, your diffs can get VERY hot, remember, when your hot diff hits the cold water (even tho you should let diffs cool before entering), the air inside the diff will rapidly contract as its cooled, this effect creates suction, and water may be drawn through a open breather pipe.
You still have your rear diff breather to do anyway, as it is at chassis level, it takes little effort to extend the breathers already in the gaurd to the firewall as well, (or snorkel as you suggest) this gives them a little more height, puts them further back from the front of the car (RE:first paragraph)
You "may" not ever need em, and you may never know when they save your diffs/auto/transfer, but i can tell you these things don't like water inside (especially auto gearboxes) , for the small effort and tiny cost, why take the risk of stuff crapping itself far from home ?