Wet performance is of minimal concern with a motorcycle tire. The round shape of the tire presents a canoe-shaped contact patch to the road surface that quite naturally disperses water. Contrary to some conventional wisdom, a motorcycle tire cannot hydroplane under any rideable condition.
A motorcycle tire is completely dissimilar from a car tire, which presents a rectangular contact patch to the road surface. Car tires, of course, will hydroplane with sufficient water and/or speed.
As far as front tire mounting that is not asymmetrical creating problems, the Kenda K761 will cup badly, refuse to turn in, and will follow any irregularity in the road. Its service life will be no better than the rear tire, about 9K miles. Flipped around, it will wear perfectly with no cupping, turn very well, be stable over rain grooves and pavement joints, and last well beyond 18K miles. A K761 that has been incorrectly mounted, and which has cupped, will stop cupping and begin performing well if flipped around. This is a tire I know well. The manufacturer recommends mounting it incorrectly, having the direction of rotation marking being the same as a rear tire.
The most common reason for motorcycle tire asymmetry is as described several times above. Both tires are responsible for acceleration forces, the rear being acceleration while the front is deceleration.
The front tire does not steer the bike at riding speed. Both tires steer the bike. Take any wheel and stand it upright. Roll it forward it will go straight. Lean the wheel slightly and push it forward. It will move in a circle and, if you can keep the wheel moving at the same speed, it will constantly turn in the same circle. The bike is turned by leaning it over on the tire, a lean which is initiated by a slight turn of the front tire in the opposite direction of the turn. Both tires do the same job except for the direction of the acceleration forces.
I have never seen the mounting configuration, though, to be anything other than as Paul states.