Everyone has different taste, for color, wheels, mods, etc. And they're all valid, but if you want to look at it from strictly a functional approach, note that the primary reasons for any hood scoop are:
1. Aid in cold air delivery to the engine.
This scoop is ill suited for that because the LT5 breathes from an area forward of where that scoop draws air. So, it's not well suited.
2. Where your LT5 is really cramped is just forward of where that scoop starts, so it won't give you any more room above the critical throttle body area.
So strictly from a functional standpoint, it's not going to help you.
I follow the old design principle, "form follows function". This form does not follow function. To me it's strictly decoration.
From a decorative, style approach it is an old design. Beautiful on a mid-year, but on a C4, not so much.
Just my opinion, and like buttholes, everyone's got one
, and everybody wipes 'em different - front-to-rear, rear-to-front, sideways, blot, swirlie, finger , etc., ....
The color? Great for a midnight street racer, if that's what you're building. but in the light of day? Not so attractive. JMHO.