@Ronin1973 good points, yeah the perforation holes might not line up just by "spray and pray" or other magical thinking.

@wishbonebrewery, yes I have a nice setup and don't want to f&*$ it up with ugly handmade trash

... sigh, too much thinking for a small problem. At this point I'll probably go with https://www.shapeways.com/product/67YKP7968/eurorack-blank-panel-4hp-vented?optionId=70725951&li=more-from-shop as suggested much earlier above. The are ~$10 per 4hp for the black plastic version. I thought I could do better elsewhere but maybe I can't.

Think I'll first try rearranging my rack (temporarily) with full gaps where the "vented blanks" would go and see if that sorts out the heating issue.

Thanks for all the pointers guys!