Appreciate the feedback, Ed; I'll give it further thought. I read on another site:
"Even if the outlet is normally above the waterline, water may siphon into a heeled or well-laden boat, as mentioned previously. It may he driven up by following seas; or, in an otherwise calm anchorage, be forced up the pipe by repeated wakes from passing boats or water-skiers. This phenomenon is known as water hammer. I heard of an interesting case of this recently in which waves, deflected off a seawall, repeatedly hit the stern of a boat, eventually sinking it."
Of course this is not a problem with the valves in the Whale Gusher; probably not with the Rule routed out on the transom, either....just wondering what other folk do!