at 680CFM you'll have no issues, even 24" above I'd say....
One word of warning...with that many CFM, your hood will create major negative pressure in the house\building so your brewery will get very hot in the summer, and very cold in the winter. Could cause some bad condensation issues around windows, doors, recepticles, etc.
Real good idea to install an intake from the outside close to the exhaust...like underneath your brew table.
I found this out when I completely smoked out my garage when I turned the fan on with a little fire in the wood stove. The fan sucked air down my chimney and into the garage...Mine is a 450CFM and way more than enough to exaust a 30GAL kettle at full boil.