But for the price it is a very good power supply.
That's the point. It's not a very good psu at any price. A pile of junk is a pile of junk. Doesn't matter if it's $90 or free.
If you have a 500watt load on a 80 white PSU it will produce 100watts of heat inside that small atx form factor.
No. Heat goes out the back. For all intents and purposes heat produced and it's affect on the pc is moot, the heat produced only affects 2 things. The efficiency of the psu as regards to its load and thermal capacity and the amount of electricity pulled from the wall and converted to wasted energy.
That Evga is tested/certified to maintain its rated output under loads at upto 40°C. At higher than 40°C it looses efficiency as wasted heat cannot be compensated for, which raises amperage use as resistance goes higher, which raises temps and on and on until the amperage use exceeds the psu ability to function. OCP protections are supposed to limit the current capacity and shutdown the psu should the draw become excessive. Many low grade psus have OCP (if it's there) set for such high limits that the psu literally burns up before reaching that trip point. And not having OTP results in no possible way for temps to not go higher.
Or if you choose you can discharge your PSU into your case then you would be putting all that heat onto your GPU and CPU
Psu exhaust is out the back. Fan pulls air into the psu from the top/bottom. Impossible to mount the psu backwards on a bottom mount case as the wiring is opposite the exhaust. It's only on rare cases with a side mount centered psu that exhaust could possibly turned interior.
V=IR. As amperage and resistance increases, voltage output is increased. Except voltage is regulated to a constant (±). That means voltage outputs are siphoned off as excess heat, which raises the temp inside the psu, which increases inefficiency, which increases impedence and or amperage. This'll happen upto a point at which you get 'run away', after which there's no stopping the process without pulling the plug. Protections in a psu are there primarily to stop run away, lack of protections means the process happens and the psu burns up (even catching on fire) before you realize there's an issue.