160* thermostat worth it?
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Oil temperatures are a bit different as the power response is sensitive to the oil you use. Engines using really thick oil will usually make more power at high temperatures because the oil thins out. The best plan for oil is to use the thinnest oil you can get away with, then control the temperature to something reasonable.
Lower temps doesn't mean more power. Engines need to run at an optimum temp. Too cold and they under perform plus the oil becomes more viscous and less efficent at lubing and protecting, plus will require more effort to over come. Too hot will be the opporsite. But I'm quite happy to lean on GM's MILLIONS of $$$$'s worth of R&D to what temp range to run the motor in.
Stock thermostat and reprogrammed fans is probably about right unless you have some oddball or extreme setup.
Oil cooler is a great idea, a thermostat probably won't affect oil temps much anyhow. However if you want to be real flash a dry sump oil lubrication system is by far and away the best setup, the new LS7 uses one but it's common practice in motorsports and many high end European/Japanese cars.








