Wouldn't the load on the engine (the work it's doing) be different in the dense air at sea level vs the thin air at 10000m?

thing you have to remember is that at altitude and in cruise confg, usually the power settings are reduced to 60 to 70% of rated power, so therefore, your engines or engine doesn't need cooling like it does below 10,000 feet.
One of the things you HAVE TO BE aware of is engine cooling to rapidly during descent, as that will ruin valves quickly.
AH remodeling for engine temps would be a waste of time! Most of the guys in here fly WAO 100% of the time, so you would have engine failure left and right and they wouldn't understand what was happening! (the pilots in this game)