A few things will help you decide mate, do you know were your Diff/Gear box/Transfer case breathers run to with in your engine bay

?
The other thing to ask yourself is, are you going to ford thru water that is deep enough to submerge the breathers in there current location ??, if the answer is yes then the breathers will need to be fitted and situated at such a height to be effective.
I have recently done this to my Datsun, in stock form, they are situated at the top of the inner guard, I have a 3 inch lift, and decided to route them to a bracket off my Aux batt in the hope that this will be high enough, which it should be, if it isn't then the last thing I will be worried about is water getting into my breathers.....rather making sure I have some soap for a wash id say

Pretty easy job to do also, ARB or any of the 4wd outlets do kits for such a job, or if your handy you can come up with your own bits and pieces and throw it together for next to nothing.
Hope this helps.
Swanny