Water molecules are able to pass through the filter media easier on a smaller micron size filter. A larger size (10-20 micron) media has better water stripping ability. I don't know the technical reason why, but it is well known to the Cummins/Dodge community, and I'm sure all other diesel manufacturers. That is why the best filter set ups are dual stage, the first stage usually being a 20 micron prefilter, and a 2 micron second stage. The job of the pre filter is to remove large debris and to strip the water from the fuel. Then the second stage is able to remove the small debris that got by the first stage. Cummins/Dodge used the 10 micron filter for years as the best of both worlds, good water stripping and good debris trapping. Then came the HPCR engines and what was found was the very high pressure made the 0-9 micron debris that got by the filter more abrasive to the fuel system. So the result was the 7 micron Cummins/Dodge that was better at debris, but not quite as good at water. Again, a good trade off for what the average customer would experience. That is why Cummins/Dodge stresses the need to maintain your fuel system and filters. Also trying your best to buy good quality clean fuel helps a great deal. There are tens of thousands of trucks running around with 10 micron filters that work great assuming you follow the points above.
If you looked in the shops that are replacing fuel system parts, many of the trucks are farm/commercial that have a fuel tank in the bed, or get their fuel from a secondary bulk source, and those fuel systems contain large amounts of debris and water as compared to the average fuel station supply. So I'm a believer in maintaining the fuel system to prevent expensive failures in the future.
So unless you are going to spend a bunch of money on a dual stage set up, my advise is the use OEM products and maintain them properly. Your engine will still last hundreds of thousands of miles.