There is an aspect that nobody has touched on yet.......Consistency. Trans temps just under the operating limit of the fluid, with adequate reserve cooling provide the most consistency you can get, with the least amount of viscosity possible. It's likely the best compromise available so that the same configuration can be run in Miami, and Anchorage year round. It might not be the BEST solution for either of those climates, but it's the best compromise between the two when all aspects are considered.
The transmission shifts WILL change with fluid temperature changes. There are internal passageways that allow that fluid to move from place to place and apply or release clutches that change the gear ratios. If this fluid is consistently at the same temperature, then the control algorithms that maintain pressure, actuate clutches, and route fluid don't have to make as much of an adjustment, and the programming can be more easily defined, and subsequently result in better and more consistent performance to the user.
IMO, If you aren't overheating the transmission fluid (200deg +) for extended periods of time, there is ZERO benefit to cooling it any further, or messing with the system at any level. You are doing the modification for the sole purpose of making yourself feel better about the temp reading you're seeing. Excessive heat kills a transmission. Read that again. Excessive is the operative word there, and 192deg (88deg C) is not excessive. Combined with NOT changing shift parameters (such as clutch slip timing, shift timing, line pressures, etc) you are messing with a VERY well tested formula that we only have anecdotal evidence on.
Remove it at your own risk, if your transmission fails under warranty, and this is found during tear down, I would bet they'll deny you coverage, and with good reason. They can't warranty against all possible modifications, and we can all agree fluid temp is an important parameter to transmission life, regardless of where you fall on the temperature spectrum. You messed with a proven formula, and you only have some guys on a message board as backup for that decision. A few guys on a message board does not an engineering team make, and I'm certain more than a few people looked at the system overall at GM and made the decision to include the thermostat. Maybe it was an accounting thing, maybe it was a legal thing, Maybe the mechanical guys put it there to make the programming guys life easier. Maybe the design was so far down the path that it would have cost more to remove it than to keep it. We don't know.