These cars haven't had carbs for probably two decades... Running hotter, assuming good oil, will make an engine last longer in general. Most engine damage occurs when the engine is cold, not hot, unless you run it out of water and REALLY overheat it. But running at 220 water temp vs. 180 will actually increate engine life if anything. These GM engines are nearly bullet-proof mechanically. Hotter temps may lead to shorter sensor life, but the mechanicals of the engine are happy to run a little warmer.
Matt