ok, i run 2 temp guages, 1 on No1 road bike (mild bit of tuning done, now a well run in motor) this guage runs at 80 to 100 C, depending on how i ride it
The other guage is on one of my track srx's the engine is in a higher state of tune, and gets a bit more of a caning (both bikes have oil coolers), the first time i ran it (at cadwell a couple of years ago) it went up fairly quickly to 120, which i thought was a bit hight (certainly felt bloody hot) but as the engine was probably still running in I wasn't sure whether this was ok or not, so phoned up the guru at denver motorcycles (who had originally tuned the engine) who reckoned this was about as hot as you'd want it to go and said try changing the oil now its run in a bit (yeah, all of 4 track sessions!) changed the oil (I use putolin semi-synthetic in all my bikes) at lunch time, and from then on the maximum temp i see on this bike is 110 ish.
One significant thing i notice, especially on my road bike, is that it takes a good 5 miles to get the oil above 60, and this is the time when most wear takes place, a good argument for being gentle until the whole plot is nice and warm.