Is the spraybar attached to a sump, canister, or hob style filter? Actually makes a difference during a power loss situation.
Sump will back siphon until the spraybar is above the water line. The other 2 will not. Personally I would have it just below the water line to keep it quiet like you do. I'm not into the bubbles that I see in some peoples tanks.
If you don't have it attached to a sump just make sure you have enough surface agitation to promote the exchange of co2 and oxygen. That would be my main concern.
Keeper