You want to take oil temp readings from the pan. After the oil has circulated through filtering and possibly cooling the oil will then enter the engine to lube it. You want the oil to go the entire journey through the engine and hit every part. Then it returns to the pan to start the cycle over. The returning oil's temperature will tell you if you have a frictional problem in the engine; IE bearing going bad, pin locking up, rocker arm biting the dust, because the oil will show abnormally high heat over the normal temperature. This high temp can give you a heads up to shut the engine down before you loose it.
Working at Stef's, we put the weld bungs in the oil pan. In conversation with oil mfgs, they state they like customers to monitor oil temp and the best place to do that is in the pan. Now on a dry sump engine it is in the tank.