I run my oil cooler all year round and have done so for 39 years, its not thermo controled as soon as the oil comes out of the motor then straight up to the cooler before going back to the oil tank and my Norton has never missed a beat, it has done a lot of miles well over 140,000 miles and has only been rebored once, my breather goes straight from motor to a catch bottle and never back to the oil tank and one of the reasons why my Norton has given me good servise is because of the way its set up, keeping the oil cool and clean, it never uses oil between oil changes (ever 2,500 miles), its never had any major oil leaks, yes they do seep around some covers that is easyly fixed.
When I first brought my Norton new it did run hot in traffic but as soon as I put the cooler on fixed that straight away it made a big diffrents, I also run a cooler on all my bikes I have owned over time 2 old Triumphs, BMW and my new Triumph has a very big oil cooler.
Ashley