Hi there, this is more of a PS5 question than a Kingston M.2 SSD question. Sony recommends: PCIe 4.0 x4 M.2 NVMe SSD with a sequential read rate of 5500MB/s and a passive heat sink. You can upgrade the heat sink for ~20Fr if it fits in the slot. The maximum dimensions for the slot are: 110mm x 25mm x 11.25mm. The Kingston here is very cheap, but only offers PCIe 3.0 and 2100MB/s. Tip: Go to one of the relevant PS5 community sites and see what they recommend. There you can also read whether a cheap version is worth it or whether you'll just get into trouble.

I don't have a Playstation, but the SSD only gets moderately warm. I can't imagine that overheating will be a problem area.