OK - let me the devils advocate ...
Starting with the OP post - he's in Trinidad, I'm in Guyana and these two, almost neighboring countries get more sunshine than most places in the world, including, believe it or not Saudia Arabia - how I found that out is another story, that I'm willing to share if you're interested, but is not relevant to this discussion.
Question - how are you measuring "under hood" temperatures? All temperatures mentioned below with the exception of the indoor temp and the IAT were measured with an infrared thermomenter, the IAT reading is taken from software which reads the sensors through the ECU in real time, and also correlates with the IR thermometer reading off of the outside of the airbox, the indoor temp is a wall mounted digital thermometer.
Indoor temp, no air conditioning is 31.3*C, engine idling, vehicle stationary, in the noon day sun (11:30 am) the temp of the hood over the exhaust manifold is 77.5*C, over the intake side is 78.7*C, and over the roof at the rear, is 77.5*C - under the hood the temperature varies according to where you measure - the IAT sensor is indicating roughly 45*C, the strut brace, which is not a heat generating part and can be assumed to be at underhood temperatures is at 62*C.
Iin short the termperatures that you are concerned about (not being able to lean on the fender), bear no relationship to the running engine, or what's going on under the hood.
Louvres change the air flow dynamics and will allow hot air trapped under the hood to escape, but only under specific circumstances and these change dynamically depending on the location of the louvres and the air flow over the vehicle, which is speed related.
With the vehicle stationary and the engine running, if the temperatures are high enough to activate the cooling fan, the under hood area is a high pressure zone relative to the areas immediately adjacent and air will flow outwards through any opening - louvres if they exist, through the wheel arches and under the vehicle.
As soon as the vehicle starts to move, the dynamics change and so does the air flow - forward movement of the vehicle forces air through the grill pressurizing the underhood area, the rotating wheels cause low pressure areas under the arches, and the under vehicle area is also low pressure.
Above the hood is an especially complex area - the leading edge itself is high pressure, the area directly behind the leading edge is low pressure and as you go further back towards the windscreen it changes to high pressure (now you know why the cabin air intake is located where it is - the base of the windsceen itself is a high pressure zone.
Depending on where you locate your louvres, you will vent heat with the vehicle stationary and at low speeds, but you run the risk of reducing airflow through the radiator at higher speeds.
Oh by the way - with the engine off, (and no air flow from the fan) the hood temps over the exhaust area do rise somewhat, indicating that the normal air flow is more than adequate to cope with the heat output of the standard engine.