Just for kicks I measured BB height of few other 26er mtbs, full rigid:
1983 Trek 850 11.75"
1988 schwinn high sierra 11.75"
Haro, mongoose, univega various years 1987 - 1994, range 11.5 to 12"
29er XC mtbs:
2012 niner air 9 carbon, 12"
2012 specialized stumpy ht sworks, 12.5" (unsagged with 90mm front fork).
As for BB hitting rocks etc, usually my chainring will hit since it sits much lower. So I prefer small front sprockets on mtb klunker builds eg 16t to 18t skiptooth, avoid hits rolling rocks, small logs, etc. But primarily small front better gear ratio singlespeed up steep hills.