An oil cooler can keep the oil from overheating thus extending the life of your engine. This is called for in racing, or in extended high-speed driving. Normal driving does not benefit from an oil cooler, as oil is designed to work at a temperature of around 200 degrees Farenheit. Cold oil is is also bad. In a stock engine, the oil is cooled internally by the engine coolant, hence the importance of keeping the water temperature below 200 degrees, for example by using a 180 degree Thermostat.
Nissan Competition sells oil coolers, which utilize a sandwhich plate bolted between the Oil pump and the Oil filter.
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Overview
Oil cooler parts are not rare.
The sandwich plates are also available from racing supply companies like Earle's, Summit Racing, etc -- Ford type fits the Datsun. The the oil coolers are available from Jeff Taylor and others.
Transdapt Oil Sandwich Adapter #1313 for Fords and others with 3/4x16 thread.
https://www.google.com/search?q=Transdapt+1313
A12 oil filter C20 Vanette are nice and short and clear winged sumps.
Thermostat
Summit Racing: Cold oil does not flow and does not lubricate correctly. Plus, moving cold oil robs power. These thermostats are designed to bypass the cooler until the oil reaches 215 [F] degrees.

ang94541: I keep my oil cooler covered most of the year because the oil temp doesn't get hot enough. It never gets above 180 F [in California].
MOCAL oil cooler thermostat is factory set for 180F (82 c) degrees.
Spruce: it has always been recommended to get the oil temperature just over 100°C during each flight to burn off the water which can contaminate the engine oil

Mounting
One possible place to mount the cooler is in front of the radiator.
A better location may be next to the radiator, where the A/C panel is.
Nissan Competition Parts
From 1984 Nissan Competition Catalog
- 21305-H2310 OIL COOLER ASSY Easily adapted to 1200, B210 and 210 models with minor modifications. Designed for use with the competition Oil pump. Dimensions are 8.5"(w)x11"(h)x1.5"(d)
- 21355-H2310 HOSE FOR OIL COOLER
- 21356-H2310 HOSE FOR OIL COOLER