Nail on the head mate! No ones disouting that paint discolours, blisters then ultimatly burns if it gets hot. But the point is, no one i know has ever had their engine get hot enough to do that, regardless of what car or what state of tune, or the weather for that matter.
Fact is, it was put there to reduce noise and bonnet temperature. Neither of which i really care about. By removing mine, all i've done is help cool the engine bay. Which we all know is good stuff
Sounds fair enough to me! Good for you, was never disputing you by the way