Hello
I face this argument since the very beginning.
Dedicating tags to one feature and combine them is way more consistent than mixing many concepts on the same tag.
Figures upside shows it’s not a problem to use waterway + tunnel + usage while mapping.
We are dealing here with ways only, the “surrounding structure” is carried by tunnel=* or natural=*. The only required computing is to look for the appropriate tag.
It would require to redefine waterway=pressurised, for artificial part at least to exclude siphons from it.
A global movement to reduce the cluttering of waterway=* has started years ago (and many work remains to be done), we’d better not split too much existing values as well.
Well, waterway=natural_siphon would work, even if i’m not so keen on it.
It crosses a valley and the bottom pipe is overground over the river, so it’s definitely a siphon.
See this example : File:Waterway siphon duct.JPG - OpenStreetMap Wiki