I am using track options on my N55. Ambient thresholds dictate when the cooling target changes. in 90f+ weather the car will run the coolant at 180f. Oil will be at 210f for the most part, but will still rise to 240-250 after a few pulls. Oil does not exchange heat as efficiently as coolant so the heat builds over time. Coolant rises across pulls too, but coolant can get back down to 180f target within a minute or so of cruising whereas oil takes 10x the time to cool back down.
I can see how reducing oil temps will increase friction and reduce mpg, but there is no way it's noticeable unless you do all highway mileage. Driving around town in traffic will still cause oil temps to still sit around 230-240 (or as high as 240-250 when mashing the gas) even when coolant is running at 180f.