Bill,
I respectfully disagree. The thermostat is the control mechanism (the only one) for the cooling system. The radiator is designed be able to satisfy what the thermostat asks of it! A properly functioning cooling system should maintain temperature near that of the thermostat. It has no bearing on engine characteristics.
The only reason a modern automotive system runs at 212° is because it was designed in Detroit to run at 212°. If it has adequate cooling capacity and you install a 175° 'stat', it would probably run at that temp! That's how I see it.
Stuart