TL;DR: The splash shield under the car makes a huge difference and was absolutely worth it!
Update for everyone. So I bought the kit linked above and didn't realize it's mainly for filling the cooling system from empty using vacuum. That said, I was still able to use it to simply pull a slight vacuum and see if it held, which it did.
Next, I installed the splash shield / skid plate. To my absolute surprise, this doesn't attach to the bumper at all! I was stoked as it meant I could keep the bumper quick release. I did not install the fender liners for the wheel wells. I still have them, so we'll see.
So the results? Well that splash shield has helped tremendously! Holy shit, I can't believe it. I've been driving with it for about a week just to see the effects and on the freeway my temps drop below 200 quite often, even landing on the magical 187 sometimes. Temps will still creep to 219 if the vehicle isn't moving, but they drop so much quicker when approaching even surface street speeds.
Overall, I am blown away by the effects of this splash shield. I've never had one installed since I bought this car, so it would explain why I've always been shocked at how hot this car runs. I'm surprised I haven't read more about the splash shield when it comes to heat management, but I'm super glad it was suggested!