Glad that someone brought up this topic,,, as I was about to ask pretty much the same question. My application is a bit different,, ie: aircooled 1600cc's, but what concerns me is also where to best position the oil cooler. If the engine compartment is well sealed with proper engine tins, then I would expect that air would normally flow in from the hood grill. At speed,, the air stream should be coming down onto the rear hood surface,, and the engine fan should be drawing air from the sealed off upper engine compartment via the grill. Has anyone ever taped a "wooly" (yarn) to the grill, and then noted where it is drawn at different speeds ??
But assuming the airflow is in through the grill, I am not sure that having the oil cooler transfering heat into the upper compartment, and then subsequently through the engine is the best arrangement.
I was considering cutting a hole in my tin, and then mounting the cooler to the tin. A thermostatic switch would turn on the pusher fan to send the oil coolers heat out the bottom of the car, and away from the engine. The fan would also draw air in the grill, as well as any other installed ducts or or leaks. Obviously,, it is critical to have some form of reliable guaging in place, to know what is happening to your engine cylinders and heads.
Opinions,, Please
Alan