I ran the oil cooler crash bar on my Ultra for a year. It has it's good points and not so good points. It did lower oil temps better than the HD one mounted behind the fender. On the inlet side, the bar got so hot that I could not touch it without gloves. On the outlet side, it was warm enough to touch, but just barely. If you accidentally rubbed against the inlet side, you would get a nasty burn. I kept my lowers on, and when I removed them, I found the paint on the plastic parts that contacted the bar melted and softened. So if you are going to run your lowers, wrap the contact area of the bar in muffler wrap.
I kept it on for a year until someone mentioned the possibility of oil pump issues to me. I was told that the oil pump in the engine is designed to pump a finite amount of pressure, and that perhaps the size of the crash bar orafice, the height, and the direct upwards angle may be too much for the oil pump to handle. In other words the oil passanges in the engine are smaller in diameter and the pump can more easily push oil through it, where as the larger diameter of the crash bar may make it harder. I understood it to mean that it's easier to blow and move a fluid through a drinking straw instead of a piece of PVC piping going straight up. But, on the other hand lots of folks (including me for a year) run them with no problems. In fact I don't ever recall hearing about any problems with the crash bar oil cooler set up at all. So my concerns about that may have been unwarranted.
The only other concern is that if you get into a minor accident (if there is such a thing), the bike could be rideable unless the accident leaves crash bar damaged and leaking or otherwise compromised.