I agree with Brent completely, that cam, not counting lash is 85 degrees overlap, too much when you don't need it.
I doubt any water would travel backwards, but overlap is a necessary evil to take advantage of a good exhaust pulse in a specific RPM range. I would have to assume that the wet exhaust is nowhere near as efficient as a properly sized and designed header. In other words, you'd give up power down low and likely not gain it back up top
I'd see what RPM he is going to run it the most, get an idea of the exhaust or even a picture of it, as well as the rest of the build and get a custom flat tappet if that's what he wants