While I have mostly worked with high-end European cars, I can't think of a turbocharged car that does not have an external engine oil cooler.
On my last few FE builds I have installed an engine oil cooler with a remote oil filter. Yes, it is a potential oil leak, but if you use quality fittings and hose you'll be fine. I use braided hose and AN fittings.
My findings are that an engine oil cooler does little to reduce the reading on your coolant temp gauge. It does significantly cool the...duh...oil.
If you can find a space in the core support that is not in front of the radiator the cooler will work much more efficiently. Most European turbo cars have either a heat exchanger right on the oil filter, or a stacked plate cooler beside the radiator.
While certainly not mandatory, I would seriously consider water cooled turbos a "niceity".