Yeah, but one of the big bullet points is that the tube should be at negative air pressure in order to reduce air resistance.
What I don't know is how pumps, and cracks, would react to gaseous H2O versus gaseous N2; Or if perhaps a liquid with low offgassing potential could be used as a boundary layer to seal cracks instead of water (which, while much higher viscosity than a gas, remains lower than most liquids).
One big advantage of any submersed liquid approach: Earthquake resistance.