I agree it is effective. Just not with the op's suggested setup, and towing goals. He is going to have 5 times the ambient airflow through the fins at 60 mph, as someone who is pulling. Because of that alone, it is difficult to get what he needs. Towing can require "minutes" of high volume spray, sometimes 10 or 20 minutes, at high volume to account for the heat soak effects of those durations. Then if the fan comes on, add another 50% flow rate for the higher air flow.
IMHO, external spraying for this application is impractical, unless you have a free unlimited supply of de-ionized or RO water.
FWIW, the temp of the water has negligible significance. Evaporation rate is where 98% of the thermal capacity is.
I thought I would add, if this is for towing, spray internally. Much more effective for any on-road goal. And you will use far less water for the same result. All internal water evaporation goes to removing heat, as long as it can be 100% evaporated, which is an easy task with pre-compressor atomization.