A few respective thoughts:
Prior to about 1969, all OEM car thermostats were 180 degrees F. In the middle 1950s, many Buicks were even 160 degrees F, which is another story. In 1969, thermostat temps were almost universally increased to 195 degrees F to have a hotter engine for emissions purposes. Our new '72 Chrysler 400 had an OEM 185 degree F thermostat in it from the factory. In the middle 1970s, a friend sent a tech question about thermostat temps to Edelbrock and got a handwritten reply from Vic Edelbrock which stated that thermostats below 160 degrees F would cause more cyl bore wear and that the 180 degree F thermostat was much pretty much the accepted "optimum" temp thermostat.
Agree, 210 degrees is not hot, unless the engine has no real radiator pressure cap (or a failed one), which can result in "water boiling" at 212 degrees F rather than at the elevated coolant temps of 260 degrees F. At this time, almost every vehicle on the road runs at or near 210 degrees F (which is mid-gauge on the temp gauge).
One of the S-A Designs carburetor books of the 1980s (Holley or Rochester) states that more power is made with a mixture that is leaning toward the lean side and coolant temps which are on the hotter side of 190 degrees F, BUT in continued WOT operation (as in police pursuits on the Interstate), there needs to be enough enrichment and coolness to not cause detonation or oil breakdown under those conditions, I suspect.
In the later 1950, when vehicles were transitioning into V-8s going where narrow inline 6 cyl engines used to be, a possible contributor to overheating was the lack of open air space under the lower hood lines. Some vehicles were worse than others in this respect. Chrysler's transition into the wider and more open underhood area was the 1965 C-body cars. With the 1974-'78 C-bodies being more evolved in this respect, compared to the '69-'73 C-body cars, by observation.
An internal combustion engine coolant thermostat is really a heat-related variable restriction. The stated temp is really the temp at which the thermostat starts to open, not the full-open temperature, it has been stated. Although once the opening starts, it happens quite quickly.
In respect to the '72 Chry 185 degree F thermostat, I asked the old-line Chrysler service manager at the local dealer about that additional 5 degrees. He kind of laughed and stated "They'll run at the temperature they want to". "They" meaning "engines".
In our modern times, it seems that many seem to be concerned with "numbers". Like the "number" has to be at the stated level or the car with suddenly self-destruct, or similar. "Change the oil at 5000 miles", so that the engine doesn't seize-up at 5010 miles, for example. In vehicle design, there usually is a safety factor in most of the designs, probably a bit more on some brands than others, but enough extra strength to do what the designs intended and do it reliably for a long time. Some of these safety factors can be extended with syn lubes and fluids, by observation.
There tends to be a lot more to an effective cooling system than just thermostat temps, with respect to over-heat situations. Radiator internal condition at the bottom of the core can be unseen and decrease heat transfer capacity of the radiator, from my own experiences with a crossflow radiator. Just as accumulated "sediment" at the rear of the engine block (usually the lower point the cyl block with the engine in the car) can also decrease heat transfer into the coolant from the engine block.
Every engine design has its own "likes" for how warm it likes to run. A 195 thermostat in an LA engine can yield an engine which never gets hot, but a 195 degree F thermostat in a hot rod 440 might need additional cooling capacity. At this point in time, finding the sweet spot for each respective engine/vehicle combination might deviate from strict factory OEM specs a bit, but when it's found, result in an engine that is "happy". Using, of course, the OEM factory specs as a starting point.
From my experiences and observations. Yours might vary.
Enjoy!
CBODY67