Hi,
Ditto what everyone else said. The radiator shroud is very critical to effective cooling on TRs. Anyone having overheating problems should make the shroud the first thing on their list of things to check. If it's missing, these cars are much more likely to overheat.
Original ones were press-board (cardboard) and disintegrated over the years. All the vendors sell repros, if you are looking for originality.
I'm using a black plastic one on my TR4 (probably came from Victoria British), which is a little different from your car of course. I found it sagged a bit in the middle, so rivited some 1/8"x1/2" aluminum stiffening ribs to help it keep it's shape. Before I installed the plastic shroud, I had a home-made aluminum one, so that's another alternative.
The plastic one is flexible, making installation a little easier than the aluminum one I used to use. Also, be a bit careful about any part of the shroud rubbing against the radiator, that it won't damage it and eventually work a hole in the softer material. If using a metal one, there are plastic trim strips that can be added on the edges to help protect fingers and radiator.
The plastic one I have in the car now has a gap at the rear, between it and the radiator, about 1-1/2". I plan eventually to install a higher capacity aluminum radiator, so might just leave the gap as it is and have the new radiatior positioned a little further forward. I think the shape will still direct plenty of air to the current radiator anyway. On the other hand, it would be easy to add some rubber flaps to fill the gap at the rear edge of the shroud, or extend it with some black plastic sheeting (maybe cut up some mud flaps).
I agree the metal ones look nice and all. One concern would be adding a lot of weight with stainless steel, if it's made of heavy enough material not to be easily bent, dented, creased or split.