The following comments are my opinion only. All standard disclaimers apply...
I put a 160 in for a day. After doing the rest of the research I should have done first (the interwebz is awesome), I put the stock thermostat back in. FYI, I'm also running a Predator 91 tune.
For one, these computer-controlled engines are meant to be run at 194*, which mine does all day long with the stock thermostat, even in the crawl of commuter traffic in the summer. Secondly, I can't change my fan on temp, so when sitting in traffic or waiting at stop lights the temp will rise up to 204 or so before the fans kick on (just like they're supposed to.) The only time the temp drops significantly is when there is sufficient airflow through the radiator. Performance-wise, I saw no difference. To me, this was a waste of money and time. Your results may be better than mine.
I now have a very lightly used SLP 160* thermostat for sale. Twenty bucks and you pay shipping.