Should there be any concern about hydro locking ? Steam expands at a much higher rate than petrol.
My wonderful wife drove through a massive puddle in her Taurus, sucked in enough water to saturate the air cleaner, end result, a bent rod ooi.
Yes, that is a concern, and it should only be a misting spray into the carburetor, and not enough to choke out the engine.
Too much water in there will definitely damage the engine.
It doesn't need Niagara Falls going in to work.
You just want to generate a little steam, and that's all.
I"ve used ATF squirted in for the same purpose, many years ago when I worked in a shop. Alcohol can do it too.
Basically, there are alot of products like Sea Foam and fuel additives that will keep the intake system pretty clean if you use them regularly.
I really don't see a big need for doing the water treatment.
Just keep the carb adjusted correctly, and if you need a de-coke, then pull the head and do it.
It's not like it's a 32-valve V8 with bucket and shim valve adjustments, or anything like that. It's just a simple little single. You can have it done in an hour or two.