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I have this hood and the vents under tray could hit the plenum. I have a 05 with 1/2 spacer and I had to cut the lower vents to make it close. Check my threads you will see my wright up. Oh and btw that is a very good choice in my opinion if you like aggressive style hoods. I love mine!
Just an obvious statment but if you cut the vents water will get on the engine so either cover the eletricals or dont drive in the rain and keep it in garage or covered. Mine stays covered and is not my dayly driver.