Remote Transmission Cooler Above Axle

I've got this nice big ol' space right above my D60 where I'm thinking about mounting a remote transmission cooler. Does anyone forsee any issues with this location? The exhaust will be dumped in-front of the rear tires.

* Car will be Street/Strip driven. I am not mounting it in-front of the radiator because that space is reserved for something in the near future :)

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