Yes; the boiling point goes up; but the ‘specific
heat’ – the ability of the fluid to absorb heat - goes down by
roughly the same percentage; thus for the same flow rate, you are removing about
25% less heat. It is further aggravated because of higher viscosity, it
also reduces flow rate. Lowering the specific heat (a.k.a., heat
capacity) and the flow rate increases the temp change through the engine and rad,
increases thermal stress and may reduce radiator effectiveness.
So there is a tradeoff. But you’re
right, don’t run straight water. The ethylene-glycol coolant comes
with corrosion inhibitors; so if you don’t dilute with e-g, by all means
add corrosion inhibitors.
The argument for using e-g/water or not is
probably case dependant, it depends on what is the limiting factor in your
cooling system. But I’d say that if you are having cooling
difficulties with e-g/water coolant, try straight water with inhibitors.
It may make things better.
Al