Here is what my engineer builder says on this subject…
SRE Engine Techniques | Racing Engines With A Warranty
“It is true that engines make a little more power cold, so going from 195 to 160 is about 10-15 hp depending on the horsepower range of engine, 700 hp engine will be about 15 from what we seen on the Dyno.
One (1) whole compression point is 20 hp and 20 foot pounds of torque that is a mathematical number that is on engines and is an increase from 1000 RPM to 8000 RPM as it is a linear increase because it’s mechanical, but going from 195 to 160 does not mean you get a jump on extra point on compression ratio, that’s part of the build.
Compression ratio has a relationship with the octane in the fuel and timing.
If you try to run your motor down to 160 two things come to mind:
1. Good luck with that in Arizona
2. if you build a motor to run that cold, you have to run looser piston to cylinder wall clearances because the block doesn’t expand as much so the cylinder doesn’t grow as much.
We have to do that on boats when we run boats at 130-140° water temperature because they’re pulling up lake water and we have to add .002-003 piston clearance on those motors because the cylinders don’t grow as much.”
So basically, just running your engine colder with no other changes MIGHT give you an (unnoticeable) power increase (3.5 HP on a 400 HP motor). To get benefits from it, you have to pair it with a number of other related modifications… like just about everything else you can do to get more horsepower!
Rocky