Is this a door car or what? If its a dragster or altered, you shouldnt need to run coolant.Methanol is a coolant.Mixture controls temp. Its usually hard to get it hot enough, It will actually cool down going down the track. You can circulate, but i would try to maintain at least 190,just to try and burn the fuel.You dont need to have the idle so rich that it milks the oil either.Just give it enough barrel so it wont hesitate off idle. Even with that size engine it wont need over 2.3 gpm. I didnt ask if its carb or injection. I would say no to the oil cooler.If you take a heat gun to the pan, you will see what i mean.