Is this for a track car? A friend has one on his Mk1 Gti (fitted with a Gti Engineering uprated engine) and to my mind, it actually overcools the oil (he gets temps in the 70deg C region at a motorway cruise rather than the usual 90ish I have seen in my own Gti engines). If its for a road car, dont bother, if the temps are high, there is a problem elsewhere that you are just covering up. As for your choice of location and assuming its for a track car, seems fine to me, you have good airflow to it and it will not actually present too much of a blockage to the rad as a lot of the air you would think would go though the core will actually go around it anyway without an inlet cowling to direct the flow (path of least resistance).