No, it was internal heat. Helical cut gears experience a pretty serious spreading load under hard acceleration, I think that was the root of the heat. Airflow around the case helps, but maybe a couple degrees. We were getting fluid over 400F.
There were so many things that needed to be addressed before that car was track ready, but insufficient oil cooling is not at all unusual in modern sports cars. Other issues were cylinder head oil/cam control (we ended up using 350Z HR heads and still had problems), cracking crankshafts, the stock oil pump gear is sintered metal and fails at like 7600rpm, heat rejection in general, and a general lack of competitive horsepower.