Well, after one major fail involving poorly-routed oil lines melting and erupting oil all over me and the bike, I reattempted installing an old lockhart oil cooler on my CB400f (only this time, paying careful attention that the lines were not too near the exhaust).
I was a little skeptical about how much it would help, but figured it couldn't hurt at least, and with major work done to my bike, I could use all the extra cooling I can get. In the interest of the "scientific" research and for my own edification, I did a pre- and post- test and thought I'd share the results:
Bike details:
-466cc kit from Japan (Ebay)
-web Cam #2
-Stage 1 heads (JMR)
-Yosh-style exhaust
-bored carbs (Rick Denoon)
-HD springs, hardened alloy retainers, bronze valve guides)
-Pistons: ceramic coated domes, dry film lubrication on skirts
-K&N pod filters
-Dyna ignition and coils
-Lockhart oil cooler from the 70's
-Oil: Valvoline 4T Synthetic 20W-50
-Tires: BT45s
-Weight: 330 lbs
Conditions: 75 degrees and sunny (both days)
So yesterday, I went on a 20 mile ride on the highway before installing the oil cooler. On the return 10 miles I kept the rev's high and ran at about 90mph the whole way. Oil temp as I got off the highway was 260 F (per my dip-stick oil gauge). Once back I changed the oil and installed the oil cooler and did a few other odds and ends, then watched Game of Thrones (Awesome!)
Today when the temperature outside got to 75 degrees again I went out on the EXACT same ride, and rode the exact same way on the return trip again (pushing 90mph for almost 10 miles and keeping revs high). Temperature on my dipstick read 230 F.
So there you have it, folks. I am satisfied that the oil cooler is both effective and has lowered the oil temperature 30 degrees F in the crankcase to an acceptable level. I believe these are reproducible results that were measured in fairly well controlled conditions, so I hope this can be helpful to anyone in a similar situation contemplating adding an oil cooler (and with all those 466cc kits going into bikes these days I can imagine there are a few).