160° thermostats were for use with alcohol-based coolants. Neither those thermostats nor that kind of coolant were recommended, but back then people did all kinds of dumb things with their cooling systems (run alcohol, run plain water, run mineral oil...). Most of that stupidity is behind us, but people still run without thermostats or with an under-temp thermostat (160°) because they are uninformed or misinformed. The hotter you run the engine, the more complete is the combustion. It means less and slower contamination of the engine oil with water and acids, less engine wear, better fuel economy, and warmer toes. The limiting factor in an old car is the carbureted fuel system; hotter thermostats will raise underhood temperatures which can create driveability problems by boiling the fuel in the carb. Still, I've used 195° thermostats on carbureted vehicles operated in cold wintertime conditions, then switched back to 180° for summertime use. Either that or a 180° thermostat all year round. But never a 160°.