I panic from low mounted air intakes. When I was the Mac tools guy going to different shops and dealerships, I saw it all the time where people did major damage because of splashing a puddle too hard or crossing a bit of water.
Being into off roading, and the road flooding that used to be common place in Vegas, I always thought it was only from people crossing water that was deeper than the height of the air intake. Not so! Most of the people cross 6” to 8” of water but the enough of a splash gets to the intake.
So my preference is a high intake. And I also don’t understand why so many of the cold air intakes don’t correct the level air is pulling from. Your driving on asphalt which is sending a lot more heat upwards. Go out and place a thermometer at 18” off the asphalt, then move it to 40” off the asphalt. The farther off the ground, the colder it is. Also better for fine dirt and dust up higher, so cleaner colder air.
On the valve, I am confused also. Like it is a bladder that collapses and blocks airflow maybe?
You are plenty good enough fabricator to create something to bring in cold, clean air from somewhere better than the factory planned it out. I don’t think a vertical snorkel like hummer/hmmwv uses is the best answer, but I would be tempted to do something near the top of the hood line. Any cowl induction that looks good maybe?