What is an Oil Cooler anyway?

Oil cooling is the use of oil as a coolant, typically to remove surplus heat from an internal combustion engine. The hot engine transfers heat to the oil which then usually passes through a heat-exchanger, typically a type of radiator known as an oil cooler. The cooled oil flows back into the hot object to cool it continuously.

Oil cooling is commonly used to cool high-performance motorcycle engines that are not water-cooled. Typically, the cylinder barrel remains air-cooled in the traditional motorcycle fashion, but the cylinder head benefits from additional cooling. As there is already an oil circulation system available for lubrication, this oil is also piped to the cylinder head and used as a liquid coolant. Compared to an oil system used solely for lubrication, oil cooling requires additional oil capacity, a greater flow rate through the oil pump, and an oil cooler (or a larger cooler than normal).

If air-cooling proves sufficient for much of the running time (such as for an aero-engine in flight, or a motorcycle in motion), then oil cooling is an ideal way to cope with those times when extra cooling is needed (such as an aero-engine taxying before take-off, or a motorcycle in a city traffic jam). But if the engine is a racing engine that is always producing huge amounts of heat, water cooling may be preferable.

Air-cooled aviation engines may be subject to "shock cooling" when descending from cruising altitude prior to landing. During descent, very little power is needed, so the engine is throttled back and thereby develops much less heat than when maintaining altitude. While descending, the plane's airspeed rises, substantially increasing the rate of air-cooling the engine. These factors may cause the cylinder head to crack; but the adoption of oil-cooled cylinder heads significantly reduces or cancels the problem as the heads are now "oil-warmed".

In the 1980s, Suzuki used ts "SACS" oil-cooling system on the powerful GSXR motorcycles, but later switched to water-cooling.

Splash lubrication is a rudimentary form of oil cooling. Some slow-turning early engines would have a "splashing spoon" beneath the big end of the connecting rod. This spoon would dip into sump oil and would hurl oil about, in the hope of cooling and lubricating the underside of the piston. (info from Wiki)

Some samples of oil cooler below: