The throttle body and blade form a venturi, especially when it's nearly closed. That causes a large pressure drop. Cold, humid air will quickly freeze in those conditions. So it's possible for the blade to actually freeze in place near idle.
Every car has had some kind of anti-freezing system since at least the early 60's. Before MPFI they would run exhaust gasses under the intake manifold to make the entire intake plus carb/TBI toasty warm. Back then, cutting off that "feature" made a huge change because we're talking about cooling the *entire* intake by 100 degrees or more.
Now they just make a little warming loop right around the narrowest part of the bore so ice won't form.
There is zero performance impact. It's not enough space to make any impact on IAT. You can bypass if it makes you feel better, but the only effect is the throttle body might freeze up if you're in a cold climate. And you'll get some air in the coolant system which might be a real PITA to get out. I haven't had to burp this system yet, so I don't know. Some cars are super simple, some cars (like my '02 Lincoln) require a 1 to 2 hour procedure to get air out of the coolant system. Air in the coolant passages can get stuck, resulting in a spot that's not getting cooled at all (air is actually an excellent insulator).
For minimum IAT you're better off insulating all the intake pipes to isolate them from engine bay heat and ensuring all intake air is coming from in front of the core support.