There are a lot of high mileage Harleys out there still running. When I had my 750 ACE, the only thing that went wrong with it was a leaky cross-over tube for the cooling system. Just sayin'.Before there was liquid cooled there was air cooled. Air cooled bikes have logged lots of trouble free miles. Either one will serve you well will good basic maintenance
In the old air cooled days most of the engines were inline and all cylinders got wind across the fins, when they went to V that's when they went to water cooled to keep the rear cylinder cool. Honda that is. Harley's had a "Parade fan" for the read cylinder you could add, some models would drop off the rear cylinder when it got too hot. Ride a Harley downtown on a 90 degree day just once and you will LOVE water cooled bikes from then on.
All other things being equal, liquid cooled engines are better than air cooled at almost every thing.
LC engines last longer, run better in varied environments, are higher performance, and are more able to run cleaner, than AC engines. This last is exactly the reason HD is trying limited Liquid Cooling.
Under current technology none of the motorcycle factories can meet the coming government engine emissions laws with AC engines. Inconsistent engine temperature across varying load demands plays hell with fuel delivery requirements..
Even out those temperature and you solve a whole range of problems.
Yes, AC engines are simpler and slightly lighter...but those are pretty much their only attributes.
I've run my Shadow 1100 through 95*F days in traffic and when the fan kicked in I didn't notice anything other than a fan noise. I'll tell you what though, I could have sat there all day and I knew I wasn't going to overheat....as others have said, when that fan kicks on, on the Shadow's, WHEW, now that is hot!