Re: oil cooler
Engine oil would suffer from cooling. It flows and protects best at operating temps. Oil is oil, but boy oh boy does it do so much more than lubricate. It has specific dirt suspending ability and detergent properties, along with an ability to hold water (the water that is a byproduct of combustion).
Trans fluid (like in your car or towing truck) benefits from cooling, because it is hydraulic, and heat changes the properties of hydraulic fluid, especially one that is doing double duty as a lubricant/protectant. Without and oil cooler on a trans, there is no other efficient cooling mechanism.
And boats are easy on oil when it comes to temps: 175 degrees when running my 502 Merc hard. What boat motors do to oil is subject it to a heck of alot of combustion and more revs per hour than any car. To run at 45, I am turning 4000 RPMs or more to just cruise. A big car engine would be turning 2000 to cruise!