Aviation gas (145) is a very pure fuel. There are literally no additives to the fuel other than the purple dye that is put in to identify leaks in the tanks & fuel lines. The recip engines are usually air cooled and the pistons are horizontally opposed so every stroke is basically a full power stroke, compression, intake or exhaust. BMW motorcycles use this set up and they kick butt. Instant power the moment you hit the throttle. The bikes have similar, yet smaller, heat syncs like the recips do.
I've never really noticed an increase in my engine temp (analog gauge) with the 93 as the difference in octane level is not that big of a difference, but I like to think every little bit helps. And as my A&P instructor stressed, "Burning hotter is a complete burn and that helps the engine stay clean". No deposits from unburned fuel or it's additives, no clogging valves or lifters. I have noticed that I get 17.1 MPG with 93 and around 15 with regular or 87.
As to my friends 68 Torino I believe he was running straight water as a coolant, which you could do with the old Ford 289s & 302s. Which was popular back then. If you were doing day to day driving water will do for a while, but over time the corrosion that builds up are crippling to an engine at that time. But one big disadvantage to water is it evaporates rather quickly, especially when the engine is being put to the test. Like when drag racing. (Oh, and I failed to mention that this event happened in the summer of 1981.)
Nowadays, coolants have so many additives that prevent corrosion, aid in lubrication of pump, pump bearings & keeps gaskets supple to prevent cracking. In short, you really can't just run water in newer/modern vehicles because the engine is designed to remain cool with a certain amount of proper coolant, not just water. You might use water to get it to a service center, but to just run water is a quick trip to engine problems.