Sounds interesting, I never noticed longer frames in pictures. Perhaps the wheelbases of the 138 should follow to be longer too?
Anyhow, generally with a longer frame (and subsequent longer wheelbase), I'd expect stability at higher speeds to be better. Now for maneuvering at lower speeds, I tend to think a shorter frame/wheelbase would be better. I speak of these based on my knoweldge about 4-wheeled vehicles. Suppose it'd follow on 2 wheels? Can anyone confirm on enlighten please.. lack of 2-wheel experience on my side.
As for an oil cooler, my personal usage of the bike for short trips does not need an oil cooler (I use mine merely to go from corner to corner along the escape road of a race circuit for observation/photography). But for guys who do prolonged, heavy usage (i.e. afternoons fun with the guys), an oil cooler would do its job and would be good to have.
Having an oil cooler will bring no performance gains on the engine at all. But by keeping the oil maintained at a proper operating temeperature, the engine is spared from unruly effects of oil breakdown, thus prolonged engine life.