As a couple of us have posted earlier in this thread, that much effort is really not necessary. Using a Scangauge you can directly monitor the readings the air temp sensor is sending to the ECU. Having had it mounted inside one of the filters (very closely mimicking the stock mounting) and having it mounted in its own filter (like Pig9R's previous post) the readings are virtually the same.
I've seen readings reading anywhere from ambient at around 30F to 140+F, in 110+ ambient, with little discernible difference in how the bike runs. Of course it has more power in cooler temps, but in no way do high temps make the engine run poorly.