I have been going down this road for the last few months after having the SOS-SC & Intercooler mods done to my 04. The look of the exposed engine simply is not clean enough for the car in my opinion.
I can confirm (after buying one to try) that the Jetz Racing F430 Style cover will NOT clear the extra 1.3". However, I have a body shop looking at trimming it and re-setting the mesh. This is the sexiest look I have seen yet and should be a big hit for those Batman fans out there...