While oil temp can become a problem in street cars in the areas where I live, it is not normal to see a great many failures. Today's oils are really pretty good at handling high temps. Modern cars have larger oil capacity than, say, a '57 SBC @ 5 qts. A good long run across the Arizona desert in the summer would kill that dude whereas a new Chebby V8 will do just fine, even running the AC full blast. They don't make em like the used to...thank goodness.
Given all that---In our race cars, I shoot for about 220f in the sump and ~180/190f after the oil pump/filter/cooler and back into the main oil gallery. It does not always work out that way, but using good $ynthetic 40 or 50 race oil temps as high as 250 in the sump cause no problems. Of course, oil is changed after each race weekend.
In my old Dodge/Cummins with it's 13 qt. capacity and a factory heat exchanger, I have never seen oil temps above about 190f, even after a long pull at high speed when the outside temp was hovering in the 100f+ range. At somewhere between 300k and 400k miles (the odo broke at 186k about ten years ago), she still performs as she did when new. What can I say? Still gets ~20 mpg, too.
Rod