Yeah he says:
In normal point-and-squirt urban driving, the intake air temp remained the same with the intercooler pump switched either on or off! Why? Because when the car was on boost, the heat was being dumped into the copper-tube-and-water heatsink, and when the car was off-boost, this heat was fed back into the (now cooler) intake air flow. Of course, if I was climbing a long hill (ie on boost for perhaps more than 15 seconds) the pump needed to be operating to give the lowest intake air temps. But even in that tiny car, 15 seconds of constant full boost would achieve over 160 km/h from a standstill...
The latter shows why water/air intercooling in road cars is so successful - but why most race cars use air/air intercooling. Water has a very high thermal mass, so easily absorbing the temp spikes caused by a road car's on/off boost driving. However, race-style boost (say on full boost for 70 per cent of the time) means that the system has to start working far more as a real-time heat transfer mechanism - which is best done by very large air/air intercoolers.
I can understand water soaking up the heat to a point in a road car, but I suppose it depends on how much heat you are generating and for how long (boost, air flow, heat soak from engine and exhaust etc).
Under bonnet temps can be a real bitch with a modified car using a water to air cooler. If you can fit it somewhere under our Lancer bonnets to work effectively for extended periods of time, even get some airflow to it then I suppose give it go to see how it works for you.
Our cars don't have much real estate under the bonnet to work with though compared to other cars. Seems sticking a big air to air icoola out the front is easier and gets it out of the way lol.
I know with my car after some driving and a few high boost squirts the cold side of the intercooler is much cooler than the hot side. I should take some temp readings one day to compare.