The "holes" are not for ventilation they are for tuning the cab to the speaker's needs. You Don't need to "let the air out" and doing so would allow your speakers to lose control and slam the cones back and forth to failure.
Excuse me now,I have to drill some holes in my skull for ventilation in this heat

[/QUOT
I understand about cab tuning and ports. I've had plenty of ported and sealed cabs. That's not what im try to accomplish. I can definetly see it being a side effect though.
Basically with the horn in the cab I'm worried about destroying the speakers at moderate levels. With the horn out the speakers are moving more naturally.
The speakers are supposedly designed for sealed and ported cabs. I swapped out the stock Chinese emenince 32ohm speakers for 8 ohm american made eminence speakers and had the cab rewired for 8 ohms. I guess I'll just wait and see how they hold up. Haven't had any issues so far but they've only been in for a week and onstage with guitars and vocals in the monitors I tend to turn up a bit louder than at practice. We have a show tomorrow night so I'll see how it goes.