You will probably get some widely different opinions on this one. Many engineers believe that high points are a problem. In 1984, we built a coker unit. The 3500 HP jet water pump had a suction line that went up about 15 feet from the pump, over about 15 feet and then down to an underground route back to the water tank. The pump had immediate problems with cavitation. The first stage impeller was destroyed within 6 months even though the NPSH margin was quite good (40+ feet available, 27 feet required). An outside consultant came in and declared that the high point in the suction line was the problem. At their advice, we added a suction vessel in the pump house with a tall stack open to the atmosphere. But the cavitation problem continued. Eventually, we replaced the first stage impeller with one that had a higher NPSH required (31 feet). This reduced the NPSH margin, but also reduced the suction specific speed. The cavitation problem was not occurring at full flow. It was occurring at low flow when the pump was running in spill-back to the tank. With the new impeller, we have not seen any cavitation damage in the first stage impeller and the pump has run well for 20 years.
To make a long story short (too late), a high point vapor trap is a common villain. Many engineers believe it is always a bad idea and will always be a problem. But that is not necessary the case. I believe that if you have adequate NPSH to keep from vaporizing product, and if you vent the high point well when the pump is first flooded, you may have no negative affects at all.