A closed box is better than an open box to minimize dirt, water and even air temp. I believe the air temp coming through the fender would be better than the air temp coming from under the hood.
If you don't like the Volant, consider using the OEM box with an AirDoc intake.
While you haven't mentioned filters, in my opinion you'll be better off with a dry filter like AFE or AEM vs. the oiled types like K&N. Check out the other threads here regarding filters and intakes.