For all of you living in hot climates methanol is the only way to go. Even the best front or top mount IC isn't going to work all that great when it's 100+ out. I'd even wager to say that a FMIC would be worse. It's getting air right off the pavement which is way over ambient.
As far as Co2 goes methanol is a much better way to go. CO2 is a lot tougher to fill for one. You have to bring a bottle somewhere versus just filling the meth jug where and when ever you need to. CO2 is a gas so even though it is spraying out icy cold there isn't a ton of mass there to absorb heat. Liquids are much better at absorbing heat, some where on the order of 17 times better. You also don't get the big octane boost and lower EGT's with CO2 like you do with a methanol/water mix. One other issue you can have with CO2 is you can pull it into the intake. It won't blow anything up but it displaces oxygen so power can go down because of it.
Nice post. Suprised I never thought of that. The ground is probably radiating just as much heat as the engine . . .