John, The pump motor is sealed from the elements but there is no fan for the cooler. The air movement at speed should be enough to make the system effective. If not, I will duct some air down there somehow.
Rudypoochris, IMHO, I doubt the pressure from internal components of the rear end would move a substantial amount of gear oil through an external cooler system. If it did produce pressure, we would be plagued with seal leaks.