You don't want to use a 160*. 160 is right on the edge of (actually slightly lower than) what's required to enter closed-loop. You do NOT want to be driving around open-loop all the time.
Remember that lower temps does not equal better. Combustion is most complete, safest, and makes the most power with the coolant temp around 90*C (194*F). So stick to the stock thermo. 180* if you have a particular reason to.