Makes me nervus
When I bought my airplane it had one under the cowl. Seems like an elegant solution, but I started worrying after thinking about it a while.
Although they may hold up well, those antenna are not designed for the heat and thermal cycling of the engine area. I feel safer with it inside the cockpit.
I have one double side taped to the top of the glare shield, just like my weather antenna. Sky access is at least as good as the under cowl solution.
The under cowl antenna is still there, but I don't use it.