That's how it's done properly.
Re: bow wake... It depends on how your intake is set up. On land Rovers, later 4Runners/ Tacoma's, etc the intake sucks
from the back, under the wheel well or from the side of the fender, so the bow wake would help.
However, on some vehicles like the first-gen 4Runner the intake sucks from the front and rather low (next to driver side headlight) so a bow wake can actually be deep enough to get sucked up by the intake. (See 4crawler's solution to that).
LOL!
Another thing to keep in mind is if radiator fan goes underwater, the propeller action could actually flex the blade toward the radiator and damage blades and/or radiator.
Hence, the water crossing cover...
https://youtu.be/T64LYEpjfUw
Or... Heck... Just drive an FJ40 - LOL
https://youtu.be/_Dc9QV2e5kc