They will let wind-driven snow sift in (like ridge vents), plus they do not really offer very much total vent area, unfortunately. (It's just the width of the edge 'slot' times the length of the circumference, NOT the entire area of the hole you cut in the roof). Vents under the soffits on each side of the coop, with sliders or hinged flaps to close 'em partway or all the way, would be a much better arrangement IMO.
There is no such thing as too much ventilation... you just close down any amount of it that you do not want at the moment (e.g. the upwind side in a howlng blizzard).
Chickens do pretty well in cold air (into the twenties F and even below, depending on breed etcetera) as long as it is non-drafty (at chicken level) and DRY. However, damp air can give you frostbite even just at the freezing point (will also predispose to respiratory illnesses) -- and chickens produce SO much moisture each day that a lack of ventilation WILL give you a humid damp coop. Thus, build lots of ventilation that can be used or not-used at will, just don't have it pointed right AT the chickens (not right above their roost, and no cold wind blowing in near the floor of the coop)
Have fun,
Pat