A 2" pipe is way smaller in area than a 2"x3" hole!
You are looking at 2124 mm2 verses 3952 mm2!! You are just in that nearly running half of what many say is too small an opening to the stock box!
Dont discount ram air as many on LPG have had to turn their snorkel heads sideways as the gas meterage couldn't cope with the extra pressure on some models.
Why dont you just work out your CFM for a 4.0 litre at 5000 revs and compare that to the flow rate possible for a 2" pipe?
Just trying to point out a short coming to help you and before others follow your lead. If the snorkel is only used when crossing water where you do not ever see high revs it is an adequate idea and no different to the one I ran myself until last week to the top of the firewall. Was just worried for those that do not do this and has it breathing through there all the time