Well, truth is that its almost impossible to know for sure, besides...the hp # is really nothing more than a rough guesstimate, you can always push it a bit harder or do other things to bring intake temps down (alky injection etc). Ultimately, as long as the intercooler isn't keeping the amount of air necessary for the motor to make a certain amount of power from getting into the motor, it can support power levels outside its efficiency range if something else is bring temps down or the engine is tuned a bit different etc. Some people run vents, most dont though. Personally, I'm going to try to hack away some part of the bumper cover and put in some mesh in hopes of allowing better airflow to the intercooler and radiator. Also, one more thing to think about is that if the intercooler is relatively cool but not in the flow of the air and all of a sudden you stomp the throttle and go blasting up through 4th gear redline, its of course going to heat the intercooler up. However, for a certain period of time the intercooler will still act as a heat sink to draw the heat out of the air but without ambient airflow it will become heat soaked sooner. There really are so many variables that its hard to say whether the bit thats covered is going to be a big problem for you or not, all you can do is try your hardest to give it some airflow and make sure everything in the system is as efficient as you can make it. Certainly though, for higher hp, the bigger the intercooler the better, whether it is in the ambient air flow or not. Well, at least I think it is
