Yep. Seems to just fine, just like those little tiny things do in full-size cars with big V8's these days too.
I'm pretty sure it's not about the volume of water held, so much as the efficiency with which it transfers the heat from the coolant to the air. I think I've only heard one person here who's done the swap that thought it didn't cool well enough. The rest are pretty stoked about the results.
To a certain extent, bigger is still better (after all, they do use a much bigger one in a V8 Exploder), but not as much as it used to be. The wrong design or bad aerodynamics have a lot to do with things not cooling well. Just as much as does too much horsepower/heat production for a given area/volume.
Maybe that thin little core just flows better in the crappy aerodynamic environment that is an Early Bronco? Dunno, but the extra room under the hood is still a nice little bonus.
I'm not really sure why they seem to work so well in an EB when other radiators don't, unless it's that simple fact that with such poor aero as our trucks have, the difference in the thinner core just lets more air flow over more fins than a regular radiator.
In other words, I have no idea!
And on another note... Anyone ever actually seen an Explorer with a manual transmission??:?
Maybe in the 2-door models only? I'm pretty sure I've never seen one in a 4-door model.
Paul