I tend to believe that oil does contribute to heat transfer.
I believe this because I've measuered the oil temp with and without an oil cooler.
I've always agreed that oil has a contribution to heat transfer. And your measurements show that oil coolers lower oil temperature. I'm not surprised about that. I mean it IS called an oil cooler, after all? Do they have engine cooler labels? Aren't you still inferring that lowering oil temperature also lowers cylinder head temperature? Have you isolated lack of oil lubrication quality with temperature rise as a contributing factor? From an experimental test construct, the data provided lacks connective assumption proof. Is the oil cooling effect on cylinder temp .1 degree? 2 degrees? 10 Degrees? 50 Degrees? 100 Degrees?
While cooling the oil certainly should have some beneficial effect at removing heat from the engine, no one has yet quantified the magnitude of that effect with either calculations or empirical before/after testing.
If you get a 0.01% increase in salary, yes it is better, but is it significant? And, are you willing to put in extra work hours to achieve it?
I won't argue that modified engines might benefit from an installed oil cooler. It's just that no one, not even oil cooler salesmen have quantified the actual benefits they provide. Data that suggests or shows oil temps lowered, is NOT data that demonstrates engine cooling benefits.
There may well be data that proves it. I just haven't seen it. The simple fact that heat conductivity through oil is rated around .15 and heat conductivity through aluminum is 250, certainly suggests that the aluminum cooling fins perform the greatest portion of heat removal from the engine cylinders. Certainly seems that you will have to lower the temperature of oil a LOT, and circulate lots of it, in order to significantly remove heat from the engine. But, I can find no data to deny or support the assertion, and am disinclined to perform the necessary calculations, as few here would accept it anyway. Someday, I'll design a meaningful test with a Lockhart cooler I have around here somewhere. Until then, I just warn that your hopes and dreams may or may not support reality. You are certainly free to place your money where you feel it is warranted.
Neither the oil cooler or the cooling fins efficiently transfer heat without air replacement occurring near them. That's why easy bake ovens work!
Cheers,