Stainless is a bad medium for that application as it is not good at heat transfer but the principle sounds fine.
But I've just thought that a better alternative would be to have a water/oil cooler with a standard radiator to cool the water and a diverter to power a traditional heater. You could probably get away with a small rad - classic Mini? with an electric fan in the space above the transmission.
evilC
Here is the maths to work it all out.
The overall heat transfer coefficient for a wall can be calculated as:
1 / U A = 1 / h1 A1 + dxw / k A + 1 / h2 A2 (1)
where
U = the overall heat transfer coefficient (W/m2K)
A = the contact area for each fluid side (m2)
k = the thermal conductivity of the material (W/mK)
h = the individual convection heat transfer coefficient for each fluid (W/m2K)
dxw = the wall thickness (m)
The thermal conductivity - k - for some typical materials: .
Polypropylene PP - 0.12 W/mK
Stainless steel - 21 W/mK
Aluminum - 221 W/mK
More about conductive Heat Transfer
Thermal Conductivity for Several Materials
The convection heat transfer coefficient - h - depends on
the type of fluid - gas or liquid
the flow properties such as velocity
other flow and temperature dependent properties
Heat transfer coefficient for some common fluids:
Air - 10 to 100 W/m2K
Water - 500 to 10 000 W/m2K
Thermal resistance
The overall heat transfer coefficient can also be calculated by the view of thermal resistance. The wall is split in areas of thermal resistance where
the heat transfer between the fluid and the wall is one resistance
the wall it self is one resistance
the transfer between the wall and the second fluid is a thermal resistance
Surface coatings or layers of "burned" product adds extra thermal resistance to the wall decreasing the overall heat transfer coefficient.
Example - Heat Transfer in a Heat Exchanger
A single plate exchanger with media A transfers heat to media B. The wall thickness is 0.1 mm and the material is polypropylene PP, aluminum or stainless steel.
Media A and B are air with a convection heat transfer coefficient of hair = 50 W/m2K.
The overall heat transfer coefficient U per unit area can be expressed as:
U = 1 / (1 / hA + dxw / k + 1 / hB) (1b)
Using the values from above the overall heat transfer coefficient can be calculated to:
Polypropylene PP : U = 24.5 W/m2K
Steel : U = 25.0 W/m2K
Aluminum : U = 25.0 W/m2K