I have a degree in engineering, and a lot of this is still a mysetery to me. Heat transfer and thermodynamics are a complex subject. I still grapple with the concept of black body ratiation. Some things to point out that I have observed running a CB OWB though:
160 F. is below the recommended threashold for several types of boilers. CB has the lowest setting at 165. I set it at 165 last year, as we have DHW w/ a flat place HX and hydronic foor heating set at 100 deg. off another flat plate HX (hardwood floors and tile). Hydronic (hot water loop) heating varies with floor type, and with pile rugs can go up to 140. In that case, a higher temp boiler loop would be better for a faster/better heat exchange rate. At a 100 degree setting in the floor loop, there is no issue with keeping the boiler at a lower temp. Also with HX there is going to be a 10-20 degree drop between loop and water temp at the other side. We have all the hot water we could ever want here, and it is scalding (140 or more). We also have a pre-heat water tank that has a solar loop in it, so on sunny days the boiler heates pre-warmed water.
However, there is also the issue of stored energy to deal with here. While it may be more efficient to keep the boiler loop temp lower, it may also be more efficient to keep it at a higher temp. Some claim that 180-185 is more efficient, and that is where CB sets their boiler temps at the factory. Also something to consider is that there is less energy stored in that loop at a lower temerpature. Since we all want stored energy on demand for heating, having a higher loop temp will store more energy that will heat your house longer, or at a higher temp (whichever you prefer). I have found that raising the boiler loop to 170 is better for house heating overnight in case it gets colder than expected and the wood runs out by morning. 5 degrees of water heat is probably enough to heat this house for an hour at about 40 degrees outside temp. So if I kept the boiler at 190 instead of 170, I would have 6 more hours of heating time stored in the boiler loop at any given time.
I cannot say if the efficiency is any better one way or the other, as we burn so many different types of wood here and the heat demand varies so much from winter to winter. It ~seems~ to me that the boiler runs better at 170 than at 165. Another factor to consider is that there will be less condensation in the firebox at higher temperatures. But I have researched the corrosive effects of creosote on mild steel and they are quite low. So low that I do not bother to worry about it in our plain steel firebox. It is the water trapped in the creosote and ashes that will do the damage to your steel box. Also the creosote buildup for us seens to be far more dependant on the species of wood burning, and how dry it is. Green conifer creates the most creosote, dry hardwood creates the least.
Central Boiler Classic 4436 here, been in use for 2+ years, and still going great. It does burn a lot of wood, but we have all the free wood to burn in a lifetime here. And we save $300+ a month on heating, using a renewable resource with a low carbon footprint.