Blowholes disrupts the air flow inside of the case. Instead of air flowing from front to back, air is being siphoned through the top of the case. Whether it's bad or not depends on the case and air flow. If the case has a weak stream of air or the psu isn't on the top of the case, then a blowhole would probably help get rid of the rising warm air. However, if your case has a strong flow of air and the psu is at the top of the case, it would probably be best to leave the blowhole out. A case with good circulation should have it's most of its air volume replaced every couple mins, so not much warm air is being trapped in the top of the case. Plus, you will have the blowhole fan fighting with the psu fan for air.
Either way, leave your friend alone with his blowhole. If he feels happy and confident that it improves his temps, let him. Just laugh internally at him for installing more noise.