Yes, you can take the black shroud off and loosen some items and them rotate the small air chamber to a different angle. Hint, don't go all the way, it won't clear there either. Go about 75%. Directions in the manual.
I have no proof either way, but I doubt the engine side covers are insulative. Now the fake plastic on top of the engine had sound deadening in it and would potentially increase engine temps.
I currently use the left side cover to keep my 12v breakout stuff in place.