Unless someone here convinces me otherwise, I will not get the thermostat. Even Jagg says they are not needed. Seems to me if they fail you can have serious consequences, but there is no need for one in the first place. As far as engine heating up, I can't see where this would affect that at all. I never have heard of a HD V Twin running too cool or having any problem warming up. If I am off base let me know as I want to do it right the first time. I want as little chance for failure as possibe and unless there is good reason for the thermostat I would rather not have it.
Thanks.
First off, I apologize for the long-winded reply but as a professional mechanic, I know that there is a lot of confusion and miss-informaton out there about this topic.
You've spent a lot of money on your motorcycle and as you have stated, you want to do it right the first time. Hopefully this information is of some use to you in deciding what is best for your type of riding.
I'm not familliar with any serious consequences caused by a thermostat failure in this type of application. Either it could stick closed which is like having no oil cooler, or it could stick open which is like having no thermostat.
As far as the engine not heating up, its more a concern about the oil not coming up to operating temperature if you run a cooler without a thermostat. Especially if the ambient outside air temperture is fairly cool.
As Glider said, the engine oil needs to come up to temperature to burn off the moisture caused by condensation in the crankcase. 212 degrees is the boiling point of water, so the oil needs to get hot enough to boil off that moisture.
Just as in automotive applications, the Harley Davidson engine is designed to operate best within a certain temperature range and so is the oil. This is why automotive applications all use thermostats to reduce the coolant flow until the engine comes up to operating temperture. Although air/oil cooled engines are a different kettle of fish, the same operating principles still apply.
Also Glider said, if you are doing mostly long hauls, the thermostat is probably not an issue. The type of climate you live in and type of riding you do will dictate whether or not you need a thermostat.
I live up in the banana belt known as Canada so I need a thermostat because on cooler mornings, I have found that the thermostat doesn't even open up, especially after a highway ride with lots of air-flow over the engine.
If I lived in the Southern USA where the ambient air temperature never drops below 80 or 90 degrees , I probably wouldn't bother with a thermostat.
Also on this topic, there is an article written by Donny Peterson about oil coolers in the current issue of American Iron Magazine. He has probably forgotten more that I will ever know about Harleys so it would be worth reading if you can get your hands on one. Cheers!:cheers