Update:
Swapped out the smaller Oil Cooler and upgraded to a 25 row high efficiency Oil Cooler. While installing I decided to raise the location into the fender and away from the muffler.
Results so far have been good and the water temp has not exceeded 205F and averages around 195~200. I am however questioning the oil temp and suspect I have the wrong sending unit. Oil temp gauge states that it is reaching over 300F within 20~30min, no signs of overheating or bubbles in the oil so I have convinced myself it is the sender. New sending unit arrived today and will get put on in a couple of weeks.
I also have done some intake modifications which I will upload the pictures latter today. Here is a teaser "Duals"