I can't remember where I saw this, but I think it was in some kind of street rod type article about thermostat selection. I also don't have a copy, so I am going to paraphrase from memory.
A cast iron engine is designed to operate at a temperature that allows proper clearances to develop between all the moving parts, oil to flow, coolant to cool and the least amount of wear on the parts to happen. Most American V8's have this magic temperature around 172 degrees coolant temp. More than 10 degrees cooler and proper clearances don't develop causing wear to rings, cylinder bores, valve train components and valve guides. Not to mention air/fuel mixture airation problems in carburated engines. More than 10 degrees warmer and the magic clearance/wear window gets shut again.
Because the rate of wear is less at 180-190 than at 150-170, most engines came with a 180 degree thermostat. With the thinking that 100% load would be rare and at least several cylinders would be cooler than others and right in the middle of the optimal wear pattern.
That is about all the article I can remember. What it means to me is you want 160 plus in the engine before a big load or for long run times.
Now, newer alloy blocks, head and other components along with synthetic lubes, coated and treated pistons and stuff changes the thoght process for newer vehicles. But for good old cast iron work horses keep them above 160 and below 190.
Don't forget that the temp gauge is just reading the coolant temp at one end of the head. You really have no idea what each cylinder is operationg at.
This help any or just confuse?