guage is only a "guage"
to confirm calibration of guage check it against fan cutting inand thermostat opening, my guage is reading as it should do, and i am running cooler ,its the efectiveness of the oil cooler, just remember small block engines had no oil cooler big blocks did, the small block engines didnt need one as the cooling in the block was efficient, by adding an external oilcooler you are over cooling the oil in normal conditions , but when driving fast on road or track for long periods the oil wil very quickly heat up, this is when your external oil cooler really help out over standard!
iirc you can get thermostatic sandwich plates...?