Liquid cooled engines pollute less and can produce more horsepower. As important as torque is, it's not everything. I do like riding enthusiastically, and every air cooled bike I've ridden either requires shifting too often or is geared down and is crazy slow. The FTR has torque to spare. It's way faster than the any of the bigger bikes. I've ridden a Challenger, Chieftain, Springfield 116, FTR 1200, Scout, Triumph Street Triple, Honda CBR250R, Triumph America, Harley Fourth Eight, Honda CB400F, Honda VFR800, Triumph Tiger 800, and a Honda Africa Twin. I will personally never buy a bike with an air cooled engine based on that.
As far as heat experienced from the rider? I'm an electrical engineer, not mechanical, but my guess is that a liquid cooled design can be cooler for the rider. In reality, there are other more important factors. If you're legs are immediately next to the engine, it's gonna be hot. My buddy rides a Triumph Street Triple. Your legs are not next to the engine on that bikes and your legs are plenty cool.