The problem with p95 after 26.6 for Haswell+ cpus lies in the avx instruction sets among others. While it overheats the cpu far beyond normal temps, what it doesn't do is stress the cpu. If a core had a value of 1-10, avx being just 1, you are driving that 1 to extreme temps, while not using the other 9, which is good for high temps but lousy for stress. P95 v26.6 has less emphasis on avx and more emphasis on the other 9, equating to a better spread of cpu usage using more instruction sets of various types, that match up with a variety of programs. It's a more even stress test, even if it doesn't produce the spike heat from a single instruction.
The other components mentioned are motherboard components, and the air that bleeds out the side of the tower is then drawn by the exhaust fan, creating airflow over the upper and lower sections of the motherboard surrounding the tower. This includes multiple caps, diodes and other temp sensitive components. You may have great airflow in your case, but with the placement of fans, this doesn't automatically mean you have great airflow in all areas of the case.