First up, a general comment on letting air out of the underbonnet area.
1. Raising the trailing edge of any vehicles bonnet doesn't let any air out. The base of the windscreen is quite a high pressure region. If you raise the trailing edge air is actually forced back in under this edge and into the engine bay. I've proven this on a number of vehicles over the years with wool tuft tests.
Remember back in the day how the A9X Torana had a rear facing bonnet scoop for the carby ? It was for this reason. Even earlier, HDT used to pack the trailing edge up on the XU1's to feed colder air to the carbies.
2. Without a wind tunnel, the best place to let hot radiator air out is fairly well forward in a place of laminar flow. Look at where the bonnet cut out is on a Lancer Evo VII, VIII, or IX or a Panoz ALMS car. Also look where the small outlets on the outside edge of the bonnet are on the Suby WRX STi WRC cars.
I've actually done wool tuft testing of the airflow over and around the bonnet of the 'fender and it throws up some interesting anomalies.
Not a lot bleeds out from around the edges of the bonnet. It appears the air flow in these regions is too strong from the front, impeding air trying to exit.
I removed the small plastic cover on the drivers wing and the flow here is strange, depending on speed. There was quite a bit of flow reversal and turbulance. Not a good spot to extract air.
The centre of the bonnet, at a point just above the t/stat housing on a 300Tdi had excellent laminar flow at all speeds, and would be my pick to place a cutout or rearward facing scoop.

