The cold start valve is just a heated strip of metal which slowly expands and closes over so obviously it needs a plug. I think SMO had a pic of a inlet mani on his for sale add so have a look at this. There are two plugs one purple one brown (one for cold start and other for idle control). I'd plug both in. If your car is backfiring then I'd change the engine temp sensor (ECU not gauge) as this could be causing your over fueling.
EDIT: The Fast Idle warm up is controlled by the Air Regulator (sits below and to the right) of the IACV (AAC and FICD combined)