Yeah - it's also part of the air cooling, cuz the flapper sends the hot air pushed through the HEs either into the cabin or ejects it our the "Hat" top as hot air into the airstream under the car (or a combination of both depending on the flapper setting). If they're not there or the line is capped off, then it won't flow out the hat as well due to internal turbulence apparently, plus no cabin heat.
Those who cap off at both J-tubes or the ends of the HEs are just asking for more heat to build up around the engine, plus back pressure on the impeller fan.
IIRC part of the reason that the 75-76 914s went to the 2 sided heater hoses was to help cool the hotter running 1.8 & 2.0 with the added EGR, Crap-a-lytic converter & other smog control stuff which made them run a bit hotter. May just be a 914 urban legend, but I think that was the case anyway!