Mike the radiator man says this about t-stat function:
Thermostat
The thermostat is much maligned, often misunderstood, and seldom credited for its mostly reliable service.
Thermostats in proper working order, control only the minimum operating temperature at which engine coolant is allowed to heat. A properly operating thermostat has absolutely nothing to do with how hot the engine becomes.
Nascar.com's site says this:
The thermostat is a valve that either restricts or allows the flow of coolant from the engine to the radiator. When the engine is cold the thermostat stays shut confining the coolant to the engine only. The purpose of this is to help the coolant to warm up. As the coolant warms, the valve in the thermostat begins to open, allowing the coolant to now flow to the radiator and back to the engine. During normal conditions with a fully warmed engine, the thermostat will allow an unrestricted flow of coolant to the radiator.
Saab shop manual on main cooling fan:
Regardless of the position of the ignition switch, current is supplied to relay 155 via fuse 4 and to relay 81 via max fuse 2.
The radiator fan is controlled by the EDU control module.
The engine coolant temperature is measured by the EDU control module, which controls relay 155.
Single-Speed Radiator Fan
When the temperature reaches about 100 °C (212 °F) , relay 155 operates and radiator fan 37 starts. When the temperature drops to about 96 °C (205 °F) , the fan stops.
2-Speed Radiator Fan 366
In some markets, cars equipped with A/C have a 2-speed radiator fan for more efficient cooling.
The first stage (speed 1) operates as described above. The radiator fan starts at low speed
When the coolant temperature reaches 111 °C (232 °F) , relay 81 is grounded via the EDU control module. The radiator fan runs at full speed. When the coolant temperature drops to 107 °C (225 °F) , fan speed returns to speed 1 (low speed).
I was taught that the purpose of the thermostat in a liquid cooled engine is primarily to accelerate the warm-up process of the lube oil and metal mass.
It is generally agreed that keeping the time period from start-up to operating temp as short as possible is critical. This greatly reduces the degree of wear, friction, stress and exposure to acidic vapor on the internal moving parts.
Once the designed minimum coolant temp is achieved the thermostat opens and allows flow to to the primary coolant heat exchanger.
Whether that is an air cooled, cross flow radiator, a shell and tube heat exchanger, or even heat demanding auxiliaries; from that point on, the temperature of the primary engine coolant has nothing to do with the thermostat. It is taken over by some other type of control system.
When all is said and done, both components are needed to keep coolant temp within normal range.