not that this gets around the inbreeding aspect but keep in mind that when creating hybrids someone will naturally be required to start with two completely unrelated adults (not even the same species). This at least means that the initial cross is very unlikely to end up with a homozygous set of a deleterious gene. The problem here actually can be with the outbreeding -- each species generally has a huge set of co-adapted gene complexes where a certain combination of like 50 or 100 or 1000 (w/e) genes interact with one another to create a very fit snake. When you outbreed with another species (or even a different local strain) you can muck up those co-adapted gene complexes and create individuals that have reduced fitness. This tends to be OK in captivity but it is the largest reason why you rarely see hybrids in the wild. You often end up with individuals that produce sexual pheromones that neither parent species is attracted to or it will try to breed the wrong time of year or it will select nest sites that are a cross between two suitable types but are actually unacceptable and result in egg mortality.
It has recently been shown that in the wild many salamanders will preferentially breed with individuals that are more closely-related. Polypaternity is very common and I think about 60% or so of the eggs end up being from cousins even though cousins make up far less than 60% of the population. The idea is to try and preserve those co-adapted gene complexes but maintain genetic diversity by also breeding with some newbs from another population. In the case of salamanders though they lay hundreds of eggs at once so they have the option of playing around a little more than snakes. It's just something I thought may be relevant.
I do not consider inbreeding to be completely immoral (in animals) but making a habit of it can result in bad things. To give some numbers starting with unrelated adults:
Father has 1 copy of a recessive gene for a kinked spine.
Offspring then has 50% chance of having that gene.
When you cross two siblings the chance that they BOTH have that gene is 25%.
If both the siblings DO have the gene then the odds of their kids having two copies of the gene is 25%.
If the only assumption you are making is that 1 parent had 1 copy of the kinked tail gene then the odds that the grandkids would have two copies is 25% of 25% OR 6.25%.
If you consider that you'll probably do this multiple times and end up with dozens of offspring in this generation then the odds of having some "rejects" with kinked spines is quite high. Now consider that BOTH parents probably have single copies of multiple deleterious recessive genes then the odds that something will go wrong is VERY high in at least some of the offspring. This is a very simple system that works only with single-gene traits. Like co-adapted gene complexes there are many genetic diseases that require interactions on many genes so the odds that those problems will arise are much smaller. If you continue to cross the siblings from each batch the next generation gets more and more related and the chances of bad gene complexes coming out increase with each and every generation.
Some pretty cool morphs have come out of this but if you have the time and space it would be best to get several lines going at once and cross unrelated hybrid offspring to reduce the inbreeding coefficient.
Long story short, inbreeding does occur in the wild (probably even in snakes) so that co-adapted gene complexes that work best in a specific habitat are maintained but there must be some outbreeding to maintain genetic diversity and reduce the risk of genetic disease. Outbreeding with another species is avoided almost entirely. When making crosses in captivity you don't have to worry so much about preserving those co-adapted gene complexes but problems can and will arrive as a result of inbreeding. Inbreeding a little you probably won't see many bad results but the more and more you do it the odds that you'll get "rejects" increase and the number of duds per clutch increases as well. A lot of the time you get embryos that simply aren't viable and never even leave the mother snake...
I hope that made some sense... For the record, I've never done this. This is actually the first time I've put any real thought into the numbers behind hybrids and inbreeding to create morphs. I just sort of typed my thoughts as I was having them so a few things might have come out confusing 