Hi All,
Today I had bit of time to have a good look under the bonnet. It appears as suggested by one of you that the hto start valve is indeed an (vacuum) actuator for the EGR valve. There are 3 rubber lines and an electrical connection on this valve.
Looking at the engine and the position of the EGR valve itself, I believe (specially because mine is covered in black oily gunk) thta if the EGR dpoesn't operate freely, as in can be moved by vacuum, you will have a hotstart problem.
because of the M51 design, glowing is not really required when the engine is hot, however, a richer mixture will aid the starting of the engine. As in the original design, the liftpump will not run outside the glowmode, thus preventing the mixture to be enriched by increased fuelflow.
So, another way must be found, I believe the engineers have found this by means of the EGR valve, if you restrict the airflow in a situation where the fuelflow remains the same, you end up with a mixture which is richer and the engine starts smoothly even when warm.
This actually makes sense to me, as my engine certainly sounds like one that's not getting enough fuel when cranking it over. It's fairly similar to first cranking after fuelfilter change.
I will now change out the hot start valve, and clean the EGR and manifold assy.