I've started to find a lot of really beautiful parallels as I've been paying attention to the concept of "the two ways" in the Book of Mormon. The symbols associated with the Way of Life are often juxtaposed with the symbols of the Way of Death in beautifully poetic ways. Sometimes we have to look at the Book of Moses (or elsewhere) to better understand the connection.
Consider this description of God's sorrow at the wickedness of the people at the time of Noah in the Book of Moses:
28 And it came to pass that the God of heaven looked upon the residue of the people, and he wept; and Enoch bore record of it, saying: How is it that the heavens weep, and shed forth their tears as the rain upon the mountains?
29 And Enoch said unto the Lord: How is it that thou canst weep, seeing thou art holy, and from all eternity to all eternity?
...
31 ...how is it thou canst weep?
32 The Lord said unto Enoch: Behold these thy brethren; they are the workmanship of mine own hands, and I gave unto them their knowledge, in the day I created them; and in the Garden of Eden, gave I unto man his agency;
33 And unto thy brethren have I said, and also given commandment, that they should love one another, and that they should choose me, their Father; but behold, they are without affection, and they hate their own blood;
...
37 ... the whole heavens shall weep over them, even all the workmanship of mine hands; wherefore should not the heavens weep, seeing these shall suffer?
38 But behold, these which thine eyes are upon shall perish in the floods; and behold, I will shut them up; a prison have I prepared for them.
...
40 Wherefore, for this shall the heavens weep, yea, and all the workmanship of mine hands.
...
42 And Enoch also saw Noah, and his family; that the posterity of all the sons of Noah should be saved with a temporal salvation;
43 Wherefore Enoch saw that Noah built an ark; and that the Lord smiled upon it, and held it in his own hand; but upon the residue of the wicked the floods came and swallowed them up. (Moses 7)
In this passage the tears of heaven at the wickedness of the people are clearly connected to the floods which consign them to "a prison ... prepared for them." The people reject the prophet and they are destroyed by a flood.
Contrast this with how Nephi describes Moses leading the children of Israel out of captivity:
2 Therefore let us go up; let us be strong like unto Moses; for he truly spake unto the waters of the Red Sea and they divided hither and thither, and our fathers came through, out of captivity, on dry ground, and the armies of Pharaoh did follow and were drowned in the waters of the Red Sea. (1 Nephi 4)
In this passage, water is again used to destroy the wicked, but this time it is to accomplish the deliverance of a righteous people out of captivity. Similar elements, different outcome. The people follow a prophet and they are led out of captivity, and their enemies are destroyed by the Lord with a flood.
Consider these words from Christ after ordaining twelve apostles upon arriving in the new world:
Blessed are ye if ye shall give heed unto the words of these twelve whom I have chosen from among you to minister unto you, and to be your servants; and unto them I have given power that they may baptize you with water; and after that ye are baptized with water, behold, I will baptize you with fire and with the Holy Ghost; therefore blessed are ye if ye shall believe in me and be baptized... (3 Nephi 12)
In this instance, going down into the water brings about the death of the old creature -- the natural man -- and the birth of a new creature, "seed" of God (see Mosiah 15:11).