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Originally Posted by Randomizer
Ricochets are common at low elevations become less likely as elevations increase finally becoming virtually impossible at angles of departure greater than about 24-25 degrees.
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Exactly.
I've seen loads of footage of .50 caliber and 20mm tracers ricocheting after being fired at Japanese aircraft attacking U.S. ships in the Pacific. (With a little work... readers should be able to observe this on YouTube.)
Larger projectiles fired at low elevation that fail to detonate on impact with the water exhibit the same behavior. It is just typically less visible since they do not typically emply a tracer element.