Harley-Davidson likes to refer to these bars as "engine guards" . . . thereby eschewing the whole "crash" reference.
The external oil coolers which mount under the front of the frame run oil through a lot of baffles, to cool the oil across a lot of surface. The tubes on the engine guard don't have much surface area for cooling. And then, as noted, the damned surface is going to get hot.
If you want to cool the oil, run at a lower temps -- get rid of the cats in the exhaust system. Then mount an external oil cooler if you think you need one. I have a 96 in. TC, no cats -- and because it's not over-bore, over-cam, over-compress, over-stroke, it runs cool just the way it came from MoCo.