So let's discuss o2 sensors and their operation. 02 sensors do not read the amount of fuel but rather they read the amount of oxygen in the exhaust system. o2 sensors operate in a range of mv from 0v(lean) to 1v(rich) with the midline being stoich or the point where all the fuel/air charge was completely burnt. In your OBD1 vehicle the o2 sensor is affecting Integrators(INT) and Block Learn Multipliers(BLM). The precursors of STFT and LTFT respectively. The o2 sensor can only trim up to 25% from the base programming one way or the other and only when the ecu is in closed loop. And it's adjustments will affect either 4 or 8 cylinders at a time. No factory application has the resolution to make changes to one cylinder alone based on a o2 sensor reading. Even today. For that control we either need a dedicated o2 sensor in each exhaust primary or we need to use an exotic solution like ionic sensing which has the resolution to measure per cylinder per combustion event fueling and also knock detection but requires an incredible control system. Ionic sensing works by running current across the spark plug on the exhaust stroke in a way that measures the level of ions in the exhaust as it leaves the cylinder. Ion sensing is so cool but not widespread. More can be seen on this here:
Making sense of ion sense technology | Vehicle Service Pros
Your 1992 o2 sensor has just one wire. This one pin in the ecu for the o2 sensor is latched to a pullup resistor that shows voltage on that pin devoid of any ground. And the sensor itself gets ground from the exhaust it is screwed into. This is the same exhaust sensor that EFI started with in 1982. These o2 sensors have no fuse or 12v anywhere feeding them. If you wanted to take this o2 out of the loop for a diagnostic step you will simply unplug the 1p connector at the sensor itself and the car will run in base programming only and should stay in open loop.
Later on as we trend towards the standards of OBD2 o2 sensors will have 4 wires. These will be a dedicated feed and sense wire directly from the PCM for measuring the mv of the o2 sensor and there will be 2 wires that drive a heater circuit. The heater circuit is to help get the sensor up to temp faster so it reads accurately and can make the car start blowing clean smog sooner as per OBD2 spec. These heater circutis are fed by ignition power through fuses in the underhood fuse block and they get ground from the PCM so the controller can control o2 temp. OBD2 will also demand up and downstream o2 sensors for catalyst monitoring. When a fuse blows for a heater circuit on one of these vehicles the o2 sensor just takes longer to warm up but still works. And the biggest symptom of these problems is the check engine light that wont go out.
If your car runs ok when it is cold and develops a misfire when it is warm the first thing you should be scrutinizing is your ignition system. As spark plug boots get warm they might release tension on the spark plug and let the spark energy leak to ground from there rather than jump the air gap with a dense fuel mixture. This is easy enough to check for. Pull all your spark plug wires off the plugs and look for the white arcing evidence at the tips. Also the wires love to arc to ground or each other wherever they are close. Are there a lot of signs of arcing along your ignition wires? Are all of your ignition wires routed properly and away from the exhaust heat?
Opti spark problems are very frequent. They happen a lot and are quite common. However, they will usually lead you to a stall. When there is a problem with the ignition system affecting one cylinder we get a miss. When there is an ignition system fault present that affects all cylinders the motor cuts out like you turned off the light switch. While you should be checking for low or high res pulse failure codes in the PCM, your description sounds more like a bad plug or ignition wire than the optispark unit itself.
I also have questions about your temp. What temp are you seeing? When are you seeing it? And is this a change or has the car always ran warm like this? In these years GM was worried about oil temp more than coolant temp and not keeping it cool. When we don't let the oil heat up to the boiling temp of water we end up with rusty internals. GM wanted the oil temp to heat up for this effort so with the car sitting still and the A/C off the C4 might hit 230 or over before the fan high speed comes on. While we do not do that today this is proper operation for an early C4.
Also Griffin is a not so popular radiator company today and has been this way for a long time now downstream of the realization of the relation to coolant flow vs. airlflow. For anybody that adds all this thickness to the radiator the static pressure of their fans should also be increased just to make sure they will still get good airflow across a more restrictive air inlet. When we make the core of the radiator 4 rows thick the fans just disturb air and when the car is moving more air just flows around it. And so we should also retune the ECU commanding the fans to stay on to a higher vehicle speed. 3 rows is as thick as the industry will use today with high efficiency 2 row being the best. Not for price guys, But for the relationship of airflow vs. coolant flow. We must care about both together and not just throw one of the two to the wind.
We should also care about airflow across the condenser in front of the radiator with a bigger restriction behind it. Or maybe that is just a Florida thing.
And on the subject of coolant capacity. I have a few thoughts I want to share with everybody. Average underhood temps can dwell anywhere from 125f to 220f usually being somewhere right around the middle of that no matter where you are. The coolant coming in from the engine to be cooled can be up to 225f. And the cold tank of the radiator after it is cooled and before it goes back to the engine is always the lowest temp we will see under a hood aside from an A/C suction line. The act of passing through the core of the radiator is the only thing that drops temps. But once these temps are dropped as the sit in the tank they get warmed by the hotter engine bay just waiting to be used. The hope of greater cooling capacity equating to lesser engine heat DOES KINDA rely on the hope of storing that extra capacity at the lower temp, doesn't it? I mean if we think about it? Why have all this extra hot coolant? And why cool this extra coolant down if it is subject to the hot temps outside the engine? And this is the watershed moment that drove all the automakers to the size of their coolant systems as we see them.