oil cooler
The ones that GM put on are not of good quality for the purpose of truly cooling the oil supply. Those should be remotely mounted away from the block. Circle track racing applications place the oil tank on the firewall or fender well, fed by hoses off the oil pump, and linked to an actual radiator-style cooler where fresh air can flow across it. Thereby cooling the oil supply, preserving some oil pressure otherwise lost to heat / thinning.
On street applications of our cars, there's no real good reason to have one. For road racing, other long periods of heat/ stress, probably so.
For thermal management, probably the best thing you can do is go to a lower thermostat and tune the 'fans commanded on' points a little lower to compliment. An oil cooler is probably not a worthwhile investment for the average LT1.
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