I don't disagree with you at all that you don't need to fuse through the bore - but here's my thoughts on the matter:
I'm not sure how water becomes a factor (at least not any more so than any other depth of pricking). I don't load a wet bore, and I don't leave a loaded cannon unfired while I wait for rain or any other water source to mess with it. I don't know how any residual dampness in the bore from swabbing or fouling would be given any more opportunity to effect the charge by going deeper. I have had occasions where I needed to fire in the rain, but the depth of pricking has never been an issue, and I've never had a mis- or hangfire while using quickmatch in those conditions.
Though I know it's not necessary to prick all the way through, I don't see why not, at least on my smaller scale cannon. Using the quickmatch, all I'm introducing into the charge when I insert the fuse is more black powder and a negligible amount of paper. I've also never had a problem with the projectile settling, though a full size projectile has much more mass, so that may be a more significant issue with the larger bore. Of course, the crosssectional area of the hole made is only a small fraction of the overall charge area, so I don't know that this would ever pose a real problem, but I haven't had the pleasure of firing larger cannon, so I defer to your experience on that matter.
On a full size bore, I agree that going halfway is probably best - sufficient enough to hold the fuse, even in a breeze, but also easier to prick, and it keeps the fuse from being unnecesssarily long and unwieldy.
As a side note, I have used some crackling fuse, similar to this
stuff, but about twice as fast, and it can be quite entertaining for spectators!