A 160 'stat will have absolutely no effect whatsoever on your summer engine operating temperature, as it's full open all the time anyway; the 'stat only controls MINIMUM operating temperature, like in the winter, when low ambient outside air temperature allows your radiator to cool the engine down to or below the 'stat rating. 160 degrees doesn't do you much good in cold weather when you need the heater to operate, and it also won't let the oil get hot enough to boil off condensation and blow-by contaminants which then stay in the engine, get acidic, and form sludge.
160 'stats were used in the old days (40+ years ago) when cheap alcohol-based anti-freezes were used, so the alcohol base wouldn't boil off; they have no place in a modern cooling system, and have no benefits at all (except to the people who sell them and tell people they will solve overheating problems - they won't).