Not even sure that's proper terminology, but ya, an outer wall shared by the enclosure and the port.
I'm not sure which way you're planning on running the port...but if you run it down the side of box (the 25" side), then yes, cut that piece (inner port wall) 4" short of the inside of the back wall (15" x 20.25"). That gives you 20.25" of port length already. So I'm not sure it's necessary to bend the port for 1 more inch...I doubt you'd hear a difference. But if you want to, then ya, cut a 15" x 1" piece and continue the port in the other direction (parallel to the back wall)
Alternatively, you can just run the whole port along the back wall and exit to the side (not sure if that's what you meant by 'side port') with a 15" x 21.25" piece...no bending or additional pieces needed.
Hope that helps.