They are inherently oil cooled already...via the HP oil feed.
If you're thinking about running oil through the normal water cooling passage...it could work... but the stock water cooling system doesn't really have much flow, its meant to works on convection when the engine is shut off is my understanding...
Not sure how you would replicate that with oil through the coolant passage...you'd want a large restirctor too otherwise you'd loose a lot of oil pressure!
My understanding was that the main reason manufactures went to water cooling was to stop the oil cooking in the turbo when careless drivers turn the engine off after a long hard drive (no turbo timer...)
The water in the turbo housing then helps to stop the oil cooking...
Personally I'd give the turbos a go oil cooled only (and fit a turbo timer)... if you cook one it isn't a huge investment / loss...
I recall some info regarding oil / oil-water cooling in the book maximum boost by corky bell as well BTW...
Cheers
Wilbo
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