Yeah that's a fail. Reverse NACA ducts are for show. NACA ducts are designed (back before many of us were born, mind you) to be a source of air induction with minimal drag. They do not work in reverse when you flip them around (to vent). No such thing. If you wanted to vent air out of the hood, you would want to get a JGTC hood, or get some low profile louvered vents and rivet them to your hood. (or weld them if you want it relatively seamless)
Welcome to the wonderful world of aerodynamics. I was hoping that I could wow some people when I get my car back in town and in my garage to fab up a front splitter, underbody tray, and a diffuser (basically make the car as slick as possible) but it looks like you guys are onto it already...My guestimations lead me to believe that 200mph can be had with 550HP and a very well designed aerodynamic package. It would just take a bit of sense and patience to get everything ironed out.
You want the front of the car as low as you can, and the rear can be less so if you have a flat underbody. That in itself would cause a pressure differential and you would get downforce out of it without creating any additional drag like you would from adding a wing. A front splitter will increase this effect if it is actually built correctly (IE: Angled down and matching the rake of the rest of the car, not that skillard splitter that just sticks straight out and looks goofy)
PS: Remove mirrors plz.
The lincoln mark 8 ran 181 mph with under 300 horsepower back in '93 with MINOR aerodynamic mods.
oh yeah, and spend lots of time on
Time Attack Forums. Lots of good information.
Also, check out
mulsannecorner.com. Literal goldmine of race engineering.
EDIT: Oh yeah, at higher altitude you make less power because the air is thinner...but you also suffer less from drag because the air is thinner.