Yup, the 109 had a pair of "boundry layer" radiators burried in the wings. The cooling "vent" was actually a split flap, where the lower half opened or closed depending on what you set in the cockpit. When you deployed more than half flaps they opened automatically. Hunt around for some pics of a 109 model, some of 'em show the radiator flap arrangement pretty well.
As for cowl flaps, yes they do cause an amazing amount of drag. Not enough to act like an air brake, but they can and do slow you down a bit. Opening them at high speed would probably break the linkage though, slamming them shut; good luck on landing! I'll take my P&W rare, thanks.
Anyway... you'd open 'em up on the ground or on approach, and close 'em in flight. The B-29 had a real fun problem with blowing off cylinder heads due to excess temp (air temp was up near 120º). So crews did a flat climb-out with the cowl flaps wide open until 200mph. At that speed they caused more drag than cooling, so gradually they closed 'em up and started a normal climb. Up high, above 10,000 ft, you wouldn't need 'em because of the cooler air temp.
I noticed the report only says "gills", not which set of "gills". Corsairs (Hellkittens too) had cowl flaps, oil cooler flaps, and intercooler flaps. They could've had any/all of them open for a variety of reasons.
-----------------------
Flakbait [Delta6]
Delta Six's Flight SchoolPut the P-61B in Aces High