IMO it won't offer you much protection from hydrolocking.
These are several of the options availible to you:
1. If it's that big of a concern to you then go with a short ram intake and heat shield.
2. Or go with the cai, with a heat shield\splash guard and be careful where you drive when it rains.
3. Get on the waiting list for the TPR intake which can be converted between cai and sri mode.
4. Buy a cai cut it in two and then join it back together with a coupling hose and some hose clamps, so you can convert between CAI and SRI mode. That's basically the secret behind the TPR intakes ability to convert between the two modes. When the weather is crappy undue the coupler and stick the filter back on the short piece. The guy in this thread went halfway there when he converted his e-bay CAI to an SRI:
https://celicahobby.com/ubbthrea...&PHPSESSID=