I agree with Dennis.
GM typically goes to radiator then AUX cooler. Liquid to Liquid is MANY times more effective then Liquid to Air. The radiator cooler is still going to do the majority of the work. The AUX is just helping.
I also put my temp senders in the Sump or Pan. I want to see the temp after it has run through the workings of the transmission.
I personnaly like to see 180 or so. You do want some heat to cause any moisture that may get in the Transmission fluid to become vapor and purge. Any tranny guy worth a darn will tell you 200degrees is the point to start to worry. As long as it stays 200 orl lower the fluid should not burn and it's not hot enough to start hardening the seals. At a operating temp of 200max the transmission should go an easy 100k. At 300degrees the transmission is rated in hours.