As long as you still have good flow over the engine . No issues. Still need some kind of shroud or duct system. 4x4 people have been doing it with body lifts for years.
1969 x-77 Z/28 orange/ white stripes, named by my daughter "Clementine ", M-22 close ratio, 4:10 12 bolt, CE 302. Hugger orange with white stripes. White standard interior. Restoration complete May 2018