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Side blowholes suck for airflow, they create a lot of turbulence in the front to back stream. Another thing to try that has helped my temps. Put the side with the blowhole on the opposite sode of the case, behind the motherboard and CPU. I found that this lowers my CPU temps by almost 3C. But for this to work you need strong negative pressure in your case, or more air leaving than entering. This is the preferred method anyway.
In general I agree. My wife's machine has a pretty cheap case that only allows 1 bottom front intake, 1 rear exhaust as well as PSU exhaust(of course), but came with a side panel fan mount. I put an 80 mm Stealth (low CFM) in the side and got a really nice drop in temps that way. Because of the limited exhaust I only used a Stealth in the front too with a CM 80 in the rear and the PSU is an Enermax with 2 90's. I adjusted the PSU to medium speeds and I think I got lucky with the right amount of negative pressure, low turbulence, with such low volume exhaust.