Here are two pictures of the under-belly condenser on my car.
Keep in mind, the stock height for my car is 26.5 front, 26 rear. Euro height is 25.5 front 25 rear. My car is 24.5 front 24 rear.
So the fact that the clearance is just under four inches would be mitigated by your (probably higher) ride height.
In any case, low points between the wheels are less likely to cause contact problems than ones in front of or behind the wheels. My rear sway bars hang lower than my condenser. But the only things I worry about scraping are my valence in front and my muffler in back.
As a side note, my shop modified my condenser so that the hoses entered and exited on the same side, bringing the one line that was not being utilized back into the system. I don't know why they come plumbed for entry/exit on opposite sides.