I have one, never used - came with the aircraft.
I can only sympathise with those that must endure long cold winters - living near Sydney, Australia, I enjoy a more moderate environment. I still "blank" off part of my coolant radiator & oil cooler when day temperatures routinely go below 25C.
After much trial/error I arrived at a good compromise blanking, which I have photographed for future reference. In Cruise I have Oil temp. 90-95C. Coolant/CHT 90C. Climb OUT 100-105C.
I find that the engine warm up period (Oil -50C) is well spent on checks, review of plan, etc
I use adhesive backed refrigeration aluminium tape. Easy to cut & apply - can leave a residue when removed. Residue responds to most hydrocarbons.
Reasons for use -
Engine operated in seasonally very cold climates eg. N. America, UK, N Europe etc
Speeds warm up. Reduced fuel consumption & frustration. Certainly important in cold climate opps but more of a perception benefit, in warmer climates
May maintain even engine temperatures on descent - assist with carburettor ice prevention (if fitted)
Reasons against -
Significant added complexity = more to go wrong = heightened risk. From memory, at lest 4 additional joins in oil supply hose. All things mechanical will fail.
Increased weight. Probably a minor concern however every minor increase adds up.
Cost. Depending on arm length & depth of pockets, may or may not be an issue.π