Valves.......
Someone installed valves.......how clever.
The valves are there for two purposes. If you lose an engine and hobble back home on one engine, you can close that valve to prevent water ingestion. When towing or on a twin engine boat, the dead motor can flood with water, since the nozzle will build water pressure as the boat is moving through the water. It's recommended to pinch this line for towing and also for winterizing.
Nate, since that is the incoming water line, the water should be cold there and with the temperature of the head to the touch, no hotter than about, 140*F, I don't think the hot or cold valves really matter. But, to play it safe, the hot water valve is built to withstand the extremes.........so, it may be a better valve......:cheers: