I don't suggest lifting the back of the hood with spacers to let heat escape. You end up allowing underwood vapors and scents be allowed into the fresh air vents and get to smell that while driving. Not enjoyable. Not only that, but it works like cowl induction and screws up underwood airflow. A good hood vent would be much more conducive to exhausting hot air.
But really, what is considered "hot"? Just because it feels hot to humans when you open the hood doesn't mean it's necessarily a bad thing to the components that live there. It's an engine, things get hot. It's normal. The biggest problem is people removing factory heatshields and then complaining when their alternators sh*t the bed.