Good description, thanks.
Okay, they route it to the exhaust manifolds and then to engine so as to 'pre-heat' the water going in the engine a little bit.
Again, I would not worry about coolant temp that much. I would check oil temp. If you do not source oil temp from pan (IMHO the best place) I would do it before the oil goes to the cooler. You can put AN fitting in that has a port to 'T' in oil temp guage.
With no condensation, you probably don't have a 'too cool oil' issue, but who knows when oil is at proper temp to go WFO and also what your max temps are.