Good advice above concerning oil coolers. I'll add two comments:
1) Before you go to the trouble of buying and installing an oil cooler, invest in an oil temperature gauge. It will tell you your actual oil temperatures, and then you can decide whether or not you need a cooler. If your oil temperature almost always stays below 220 F, you probably don't need a cooler. True synthetic oils can run even hotter without problems.
2) If you install an external oil cooler, do yourself a favor and install a thermostat as well ... as close to the engine block as possible. Ideal oil temperature is around 190 to 200 F, and it is counterproductive to be pumping cold oil (below 180 F) through an external cooler, especially in winter.
Forget about converting any Fiero engine to dry sump lubrication. Even if it were relatively easy to do (it's not ... been there, done that), the marginal benefits would not justify the added complexity. If you are concerned about oil starvation during aggressive driving, look into something available off the shelf like Accusump, which will also provide prestart oiling as an added benefit.
[This message has been edited by Marvin McInnis (edited 06-22-2006).]