Not to disparage your mod Brian, but I have to agree with jeep on this one that such a gap is good for for venting heat at trail speeds and idle, but can have a negative cooling effect at highway speeds. Like he said, at speed, a gap at the cowl can actually work to pressurize the engine compartment enough that airflow is slowed through the radiator. If you look at most modern cars, they have rubber seals along the cowl edge of the hood, precisely to avoid this issue. The "cowl induction" hoods of the muscle car era were, like the name implies, for air induction into the carburetor via ducting and not for heat extraction from the engine compartment.
The high pressure area at the base of the windshield extends forward 3-6 inches and tapers off after that. So, ideally any venting for heat extraction should be somewhere towards the center of the hood. This allows heat to escape at idle and trail speeds, while not pressurizing the engine compartment at highway speeds. At speed, air is still able to to flow through the radiator, and low pressure airflow over the top of the hood actually works to pull air out of the engine compartment.
All this said, sometimes theory is not the same as practice, and if you've found this solution to work for your use, well then that's all that counts. In high school I had a 69 Firebird with very built engine. Idle and low speed cooling was always an issue for that car. I had the hood lifted at the cowl with washers and it worked because most of my driving was surface streets and cruising. At speed the increased engine rpm circulated the coolant enough and the engine was powerful enough vs the weight of the car that it wasn't under much load, so I never had a problem with overheating on the highway. Under those conditions the hood lift worked for me.
I personally won't do this on the Montero because the engine works a lot harder to maintain highway speeds, especially when fully loaded with gear...going uphill...in the heat of the Southwest. Because of the combination of vehicle weight and small engine, I want to maintain maximum cooling efficiency through the radiator on the highway.
My 2 cents.