This is what the MPi manual has for oil temps:
Oil temperature gauge (if fitted)
Indicates the temperature of the engine oil. For gentle and moderate
speed driving, expect the pointer to rest between 90° C and 120° C
(2nd and 3rd graduations on the gauge). Sustained high speed
motoring may cause the temperature to rise to 150° C (4th
graduation on the gauge - on the edge of the RED zone). If the
pointer enters the RED zone, you must reduce road speed
immediately and drive GENTLY until the temperature falls below
150° C. If the oil temperature does not fall, stop the car as soon as
safety permits and seek qualified assistance.
Seems a little hot to me?
Mine seems to stay within 90-120, but if it got close to 150 I would be very concerned.
Terry