Matthew - You have what sounds like a pretty fun project. I would like to you to remove some pressure from yourself by admitting now that you will never find an exact solution. It does not mean that you won't find a great solution for your car, it just means that it cannot be 'optimised'. Computers doing trillions of calculations in CFD still get it very wrong. Hand calcs with good factors of safety should be your primary driver on your design.
Additionally, have you started researching general engine theory or cooler design much? Back in the depths of this thread are a lot of good, free literature resources that may prove invaluable in your learning and understanding of your system. I know that a number of them have been helping me stumble through my formula career.
On to some fun stuff. You sound like you have heard the energy conversion in thirds assumption. The assumption goes, the amount of energy extracted from the fuel which is burning in a spark ignition engine is split evenly into 3 pathways: 1/3 is delivered as mechanical work via the crankshaft, 1/3 is moved through the exhaust, and 1/3 is emitted as heat into the cooling system. So, if you are seeing 75 HP at the crank, you have 75 HP to reject from your coolers. Thats (75hp x ~750Watts/hp) ~56000 Watts! Compare that to the amount of heat you can feel off the end of a 1500 Watt heat gun and you can see how big of a task the coolers have to do (56000/1500 ~37 Heat guns!)
So now you know the heat that needs rejection at maximum power.
Review the power and torque curves in the image below
http://image.sportrider.com/f/18817320/146_03+sportbike_performance_dyno_charts+yamaha_YZ F_r6_horsepower_torque.jpg
Does the power keeping going up for all RPMs? Do you think more or less heat is being generated when the power starts to drop?
If I were to tell you that RPMs are not indicative of heat emitted by the engine, what other parameter might be a better fit?