I went on the SPAL website, and found that the fan I have is the weakest 16" fan that SPAL makes. Pretty much every single 16" SPAL fan has the same mounting, so it made total sense to stay with the name brand, as opposed to getting something different. I wrote down a couple part numbers of upgrade fans and went on EBAY seeing what I could find. I ended up picking up the new one for about $120. I also bought a relay to switch it for $15. This beefed up fan should lower the hydraulic oil temp, and it should scavenge more heat off the motor too.
The stock fan is part# 3010.0400
http://www.spalusa.com/pdf/30100400_SPEC.PDF#view=FitH
The replacement fan is part# 3010.2049
http://www.spalusa.com/pdf/30102049_SPEC.PDF#view=FitH
I think that running hot shortens the life of every component on the machine, and spending $135 now to lower the temperature is money well spent. If you look through this forum you can find more than one instance of problems where heat might have been the cause. You will also find a few instances of engine fires, where heat was definitely a contributor.