What type of engine(s)? Water cooled, air cooled, applications, load, RPM's, and other things such as maintenance of cooling system if water cooled, load on engine such as towing, age of engine and condition that it is in? Do you plan to trade it in soon, or want to get many more years out of it? How important is reliability? There are many things to take into consideration.
A new air cooled engine on a new expensive piece of equipment, is a far cry from an old water cooled junker that is 6 months away from going to the bone-yard.
Hot or cold ambient for one might not be hot or cold for another.
In general I try to give my engines extra protection from heat when people start wearing cut-off pants. In general I try to give extra protection from cold when people wear coats (not jackets).