I gotta disagree. The variables may be so significant that they negate the benefits of measuring at all. False data is worse than no data. If the oil temp/dyno temp/humidity/whatever change the data enough, then it may tell you that the mods you made gained you power when in fact you lost power. There's something to be said for timing cuts in the same log.
As already pointed out, oil and dyno temp have no effect on how this dyno works. It's simply putting a consistent load on the engine at varied RPMs. That's something you can't do with a log. There are so many variables in timed cuts it's not even funny. Just sayin
