No hood = the ULTIMATE inter cooler.
But anyone can take a stock LIM and plumb a spray bar into it. If its done right yes, will work just fine. I was going to mod mine this way, but with my set up/design the alternator posed a threat to changing jets out.
With the spacer plate, its only 1" thick and the spray bar is exposed in the middle where the blower out let is, and the rest for intake runners 5 & 6 is machined into the plate. Then the LIM is "slightly" modified to allow this to work.
Lots or measuring and planning ahead of time, yes, if can be done. Hood clearance I can see being a problem with any after market hood. My MPD F1 hood, has the same underbelly if you will, as a stock hood. Another good reason why I went with this hood.