Oil cooling is commonly used to cool high-performance motorcycle engines that are not liquid-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 taxiing 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 or liquid 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”.
Advantages
Oil has a higher boiling point than water, so it can be used to cool items at a temperature of 100 °C or higher. However, pressurised water-cooling may also exceed 100 °C.
Oil is an electrical insulator, thus it can be used inside of or in direct contact with electrical equipment such as in transformers.
Oil is already present as a lubricant, so no extra coolant tanks, pumps nor radiators are required (although all of these items may need to be larger than otherwise).
Cooling water can be corrosive to the engine and must contain a Corrosion inhibitor/rust-inhibitor, whereas oil naturally helps to prevent corrosion.
Thus, if through a gasket failure, coolant oil should enter, say, the combustion chamber or the sump, this would be a mere inconvenience; but if coolant water should similarly leak, substantial engine damage might occur.