Yes but also keep in mind that said "dirty oil" mixes with the new oil thereby diluting the concentration. A regular oil change interval will prevent sludge buildup and the use of a synthetic motor oil will go further to prevent this as they tend to be more resistant than conventional motor oil.

 

You could also go the OEM route. The ITR motors (and early model GSRs I think) have an oil cooler mounted under the oil filter and cooled by the coolant system.

 

DAMN IT!!! I was just going to post this

Kris

 

yes youd need the water pipe, the oil stud?, and the actual cooling chamber to convert it. the factory one isnt as near as effective as an aftermarket one tho.

there are no downfalls to running an oil cooler, i wish i would have did it on my old motor, i just never got around to it.

mike, if u dont have an oil pressure gauge or oil temp gauge u probably have no idea how hot that oil is getting in your motor. it was getting pretty ridiculous in mine over the summer right before i sold it. i recommend one if u plan on keeping the car

 

i have all the pieces to do one on my car, just havent installed it yet.
Setrab oil coolers seem to be the most popular. I found a nice kit on ebay for pretty cheap.

scott