Don't have the mount yet. Did frame in the bottom of the opening so I can close it off. Cut a piece of thin under layment to fit in the opening. I plan I getting some vinyl like the rest of the underside to wrap on the under layment. There'll be some seams but hopefully won't look too bad.
Don't think heat will be a problem. No holes or fans with the old tube TV. LED/LCD TVs generate very little heat. It won't be sealed up and the TV will be lowered down when viewing so the upper portion of the opening will be exposed.