That’s the reason why I stuck with a 160 stat on my 4.3. I tried a 140 because that’s what used to be advised for salt water but the engine took forever to warm up & there was actually condensation in the exhaust system. When I had the cyl heads off I didn’t see any real evidence of salt crystallization as has been reported either. So yes cold running will lead to some condensation under the valve covers but if you have water in the oil from an engine or exhaust problem it’s going to be much more than that….