Davies craig tested the effect of water flowing too quickly and found it to be a myth. However they also found that cooling could be related to flow speed up to a certain point, after which additional water speed had minimal advatnage in cooling.
Its stated here in the FAQ section -
http://www.daviescraig.com.au/Electric_ ... ntent.aspx They had a technical section that had the graphs but i can't find them quickly at the moment.
I have read that people believe that removing the thermostat can cause "overheating" due to the the lack of restriction in the cooling system allowing localised boiling due to either a lower system pressure allwoing boiling at lower temperature. The other theory was that removing the thermostat promotted differernet flow paths to standard again allowing localised hotspots.
The arguement against the system pressure one is that the system pressure provided by the radiator cap should be significantly more then the dynamic pressure provided by the pump and that bumping the system pressure with a higher pressure cap should overcome this.
On the coolant flow path i've got now answers. I emailed Davies Craig about it but never got an answer.
The obvious answer to both of these issues is to run a flow restrictor as mentioned by dan. However the DC pumps flow capability reduces significantly with flow restriction so you have to considered if the restriction is more then the pump can handle. Based on feedback it seems the EWP80 seems to have enough flow even with a restrictor. Though you will notice in the FAQ DC never say to fit one.