I'm missing something here. For one, I don't understand what a 50% air flow is.
However, your initial problem statement sounds like you are treating the problem like a conduction through air calculation. I don't think that's appropriate. You have air flowing around the system, so there is convection. In addition, you have radiation from the hot parts to the guard. The temperature of the guard is the point of interest, I think, not the air temperature at the guard. They are likely to be different. If this is true, then you need to be concerned about the convection to the guard and the radiation to it.
As the others have suggested, the radiation to the guard can be reduced by shielding or by making the machine reflective. The problem with that approach is it will actually raise the T of the machine by reducing its ability to reject heat.
An alternative is to make the inner faces of the guard reflective, reducing its ability to accept the radiated heat, and only mildy impacting the dumping of heat by the machine. The operator's side of the guard should be an emissive surface so it dumps heat to the surroundings as much as possible. You could also, if the situation warrants it and costs are not prohibitve, make the guard out of something other than a single layer of expanded metal. I am thinking here of a double layer of metal with an air gap or something tubular.
JK
Jack M. Kleinfeld, P.E. Kleinfeld Technical Services, Inc.
Infrared Thermography, Finite Element Analysis, Process Engineering