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Any answers to my actual question will be appreciated, which was not "do I need an oil cooler?".
Will there be a drainback problem with using a high mounted oil cooler? Thanks.

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It really dpends on how you plumb it, if it is a BB and you are going to use a remote oil filter mount and use a T fitting to the cooler and another line back into the line going to the block the oil pump may stop any drain back, if not plumbing it that way you might want to install a anti drainback check valve