Ford Falcon: External oil cooler

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I have a BF with the four-speed automatic and my car has a transmission cooler on the side of the engine block, on the passenger's side, roughly adjacent to cylinder no 4. I believe this is still a coolant-filled heat exchanger, but it is clearly not mounted in the radiator. Does this type of cooler still have the same problem as the radiator-mounted ones?

The problem was solved when the external oil cooler was introduced. It was no longer in contact with the engine coolant, so there was no chance of coolant getting into the auto and causing the damage that was common when the cooler was in the radiator.

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