At the risk of jumping in.....there is always this - PROVEN to drop engine bay temps
(I'm only trying to lighten the mood before anyone wants to jump on me)
On a serious point there are 2 schools of thought.
1. The VXT suffers from very high engine bay temps, this isn't too much of an issue as the engine was designed to run at high temps but start modding and the temps get higher so in effect ANY mod which reduces this issue is a positive.
2. Engine bay airflow is not as easy as people might think. The VX has a flat floor design with 3 vents placed in the under stray to vent air up and over the turbo, this air is then vented out through the engine bay cover (boot lid). By far the hotest place in the engine is round the turbo and manifold, I've even seen cars with melted mesh

The rest of the engine bay is relatively cool, we've put temp sensors (called heat stickers) on a variety of places and the only place where it registered a reading was above the turbo - where in fact the sticker melted
Lotus and Vauxhall knew this so when they designed the VX Sprint they designed the high airflow bootlid to help drop temps. Simple concept - the heat comes from over the turbo so raise the air area above the turbo, raise this further into the airflow coming off the roof and you'll drop the temps (by their reckoning 8-10%) which is significant. All I've done is made it out of CF so its half the weight of even an standard VXT bootlid (and about 1/3 of the weight of the Sprint one) and widen the mesh by 70% to increase heat disipation further.
I actually like the look of the cuts Geoff has done on his car

Would I do it? No, as I don't think it makes a 'meaningful' difference to heat drop (but thats not to override No.1) but then the CF bootlid is £700 odd so isn't cheap. Would these vents replace the bootlid in effect - no way but then its a cheaper way to at least try. Bengies 'chav' comment was direct but hardly violent, there are worse names called to people here all the time.
The GT car has a complete open clam (not just no boot, no anything underneath it at all) so the vents there would/could make a difference but Colin isn't allowed to use the Sprint bootlid design (wasn't a prodcution item) but he is allowed to cut extra cooling vents whereever he can. Seeing as the GT car has melted several exhausts and an ECU iirc then he'll do whatever he can to drop temps. Will the vents make a massive diff? Probably not (but more so on the GT car due the clam design) but are they worth doing from his perspective - yes, took about 10mins with a saw and some glue.
IMO in summary. If you like the look then do them, I've no idea how much it would all cost but you are hacking into a £1500 part (clam) so get it wrong and it'll need repairing and its hardly a mod that you can undo.

I've no doubt they will do 'some' cooling on a road car but doubt it will be significant so leaves the mod is the 'cosmetic' group for me, thats not to say its not good, like I said I like the look but I personally wouldn't say it was a engine bay temp issue mod. Would there be a resale issue, especially if you're trading the car in? I've no idea but as Geoff says he's not selling any time soon I doubt he cares