Where are you guys measuring your temp from? I have a sensor mounted in the Type 3 dipstick blanking plate so straight into the sump and out of the airflow compared to a sump plate mounted item. I get (indicated and uncalibrated) 220F max when cruising around lanes at about 50, rising to 230F at 3500rpm plus. It goes higher still when taking a long hill but quickly drops down again on the level. All these readings were on hot days.
I was running an SVDA dizzy which, with my setup, seemed to be giving me too much continual advance (I don't entirely understand why or what is going on but will look into it further when I have some time). This caused real overheating problems; as soon as I got to 3500+ rpm it'd quickly start pushing past 240F and I would have to slow right down to get the temp to drop. I went back to my 009 dizzy and hence get the readings I see now. Difference in max (continual) advance is circa 28-30 degrees (009) compared to circa 42 deg (SVDA). In summary, too much advance = hot!
Mine is a 1776 built in an aluminium Auto Linea case with twin 40 Kadrons and Engle 100 cam. I heard reports that the ally case runs hotter than magnesium but others think not. Starts, runs and pulls sweet as now that I have the fuelling right but would like to see it running cooler. Could it be because its still low mileage (under 1000)?