I didn't know there were two. There don't seem to be several. This seems to be the best summary of the situation:
http://www.jcb-sc.com/qmail/guninski.htmlThose two definitely aren't "exploitable on any installation of qmail", as you say; they aren't exploitable on any 32-bit installation of qmail, any ILP64 installation of qmail, any installation of qmail with a reasonable data size rlimit, or any installation of qmail on a machine with less than a couple of gigabytes of RAM and swap, if I understand Guninski's post. If you're running qmail processes without data size rlimits, you're vulnerable to resource-exhaustion denial-of-service attacks in any case. There are established guides to configuring qmail that tell you to set rlimits. Burley's page I linked above says he was running with rlimits before the bugs were found. I'm pretty sure that when I ran qmail, I didn't set rlimits, though.
One of the two bugs is in an unprivileged process, but coupled with a local privilege escalation bug, should be sufficient for root. The other is in a process that already runs as root, although for POP, which was a thing I didn't run when I ran qmail.