This article will give you an idea of the basics of the cowl hood induction theory:
http://www.hotrod.com/how-to/engine/1301phr-cowl-induction-cold-air-system/
Basically, a properly sealed air cleaner in a properly designed cowl hood system would draw fresh, cool air from the base of the windshield, instead of the hot air inside the engine compartment.
The R/T scoops would drive fresh, cool air into a properly sealed air cleaner assembly, as well.
The trick here is "properly sealed". Just dropping an R/T hood (or any scooped hood) on a car isn't going to do much of anything by itself. The air cleaner must be sealed off from the hot engine compartment air and be drawing in outside air from the scoops or cowl to be effective.
I think you'll find that most folks run the cowl hoods for increased clearance for high-rise intake manifolds. IMHO, neither the cowl hood or the R/T hood is going to make much of a "seat of the pants" difference in a street-driven car (or truck). They sure do look good, though!