If it was mine.........I would loop the two cooler lines together and put in a T so that you could screw in a temperature gauge to monitor the oil temperature during operation. A couple thread to sweat adapters, a sweat el or two, a threaded Tee and a gauge with bushing/adapter, a little silver solder and flux and you have a real live experiment which could benefit others as well.
I cannot imagine how a 1940's technology 75 hp engine of 525 cubic inches displacement which has an oil capacity of 22 quarts would fall apart if it didn't have an oil cooler. Seems like most references I could find online recommend oil temperature stay less than 212*F/100*C under normal loads and for normal change intervals. Of course some engines use oil as a primary cooling fluid (Deutz for example) as much as a lubricant, so maybe a worst case situation as regards to oil temperatures.
Link to AGTalk discussion of Deutz engines and others with references to max permissible oil temperature.
http://talk.newagtalk.com/forums/thread-view.asp?tid=316249&DisplayType=nested&setCookie=1
D2-5J's, D6-9U's, D318 and D333 power units, 12E-99E grader, 922B & 944A wheel loaders, D330C generator set, DW20 water tanker and a bunch of Jersey cows to take care of in my spare time😄