I have used a pad attached to the hood in the past (not now) and it definately reduces noise levels. However, as others have stated, it is not original and I would be concerned about heat buildup in the engine compartment. These cars tend to run hot anyway and containing the heat would likely add to the issue. Also, if the car is running right, tuned properly, including valve clearances, the noise level from the engine area, even at high speeds, should not be so great as to need sound deadening material.
Best,
Tom