Waiter,
I must protest! (probably just a typo-- but I am going to have my say anyway)
Actually, the fuel cooling happens when we run rich, not lean of peak. The cool fuel blowing on the intake valves and entering the combustion chamber and hopefully evaporating, reduces the temps. This is used on all air cooled aircraft engines at take-off power. The injectors, or carburetors are set for this at full throttle. This is one of the reason that you should always take off with full power. as you do, even though the aircraft can, many times, easily take off with less than full throttle.
That being said, there is a cooling effect when running lean of peak but that is because the "fire" is not as hot as it would be at stoichiometric air/fuel mixture
I believe that the engine (rear if I remember) on the Voyager was a continental with water jackets. I seem to remember that somebody tried to market these cylinders, but I haven't seen them around for a while.
Water cooling does offer certain fuel advantages in that an air cooled engine must operate well(?) at various temperatures ie TO, Cruise, Descent etc. Because of this, an air cooled engine has much looser fits to enable the various differential rates of expansion/contraction of the different metals that compose the "top" end to work together, without destroying themselves. The liquid cooled engine, on the other cylinder, operates in a narrow band of temperatures and thus everything is made with closer fitting tolerances which increases fuel efficiency.
If you want the best of both worlds, install a water resivoir, a windshield washer pump and spray heads over your cylinders. When you CHT gets to the warm side, give it a shpritz!
I say that in jest, but I think that with the original 747 engines, which were so unreliable that some of the 747 aircraft were outfitted with a hanger so that they could hang another engine under the wing for transporting, one of the things that they did was to use the above concept to spray and cool some of their turbines, until they came up with a more sophisticated fix:(