No pun, there's an underlying reason a coolant thermostat is a very important part of the overall engine system. The wink was a clue...I guess you need it spelled out. Since I'm in a relatively good mood, I'll repeat myself from numerous posts over the years, but it also forces me to point out that what you posted in post #4 is actually way off base.
The TCCS used on Toyota engines "look" for a very specific coolant temp range for normal operations. On the 7M, it's 176 to 212 degs F. Below that, the ECU commands warm-up enrichment...this is why running with no T-stat (a very common word-of-mouth mod) is not a good idea. You will run consistently rich. Above the range, the ECU will pull timing in an effort to prevent excessive combustion chamber temps to prevent detonation. In that sense, it is a lot like what a code 52 (knock sensor) does.
The stock OEM thermostat rating is 190 degs F, right smack in the middle of the range. I wonder why that is
As stated earlier, a 50/50 mix of ethylene glycol to water coolant will boil at 223 deg F...that is at atmospheric pressure. The stock cap is rated at 10.7 to 14.9 psi...that pressure will easily increase coolant boiling temps by 35 deg F. The result is a top temp (~260 deg F), well above where the ECU pulls timing, but provides the ability for the engine to run under extreme conditions. There is no need for a higher pressure cap on a street car.
You stated:
Nothing is further from reality. The T-stat's function is to keep coolant in the correct temp range, otherwise the ECU takes corrective action. The cap (at it's stock rated pressure) is there to prevent the coolant from boiling over at a temp (assuming 50/50 = 223 deg F) just above the top of the ECU's desired range. The cap provides a safety margin against dumping coolant on the ground with a minor overheat...at the same time, the ECU pulls timing in an effort to keep temps down.
You also stated:
A higher pressure stat on a race engine is there for precisely this reason...if it's not there to compensate for no coolant (i.e. straight water), why do race cars run a high pressure stat? Water's boiling point is lower than a 50/50 coolant/water mix, but straight water's ability to transfer heat is greater...that is why race teams use straight water with a wetter additive. The problem is the boiling point...the solution is to compensate by raising that boiling point with a higher pressure cap (and upgraded hoses).
People that run a higher pressure cap (which allows higher coolant temps) or they run a 160 deg stat in an effort to "run cooler" are not doing their engine any favors. Straight water in a street car coolant system is just as foolish, the engine needs the corrosion inhibitors in the coolant. Like I said earlier, a track car is a different story...the engine is torn down every few races or once a season. Plus, running a race engine on a stock TCCS is not the best move anyway.