Actually you're wrong, let me show you why.
OBD-I only has fuel trim. It is not used during open loop. That's part of the reason why older OBD-I Toyota ECU's will accept nearly any flow injector & fuel flows without having a problem.
Now for OBD-II
Long Term Trim is a learned value over time which changes gradually in response to conditions. Long term trim is a component of what Toyota refers to as the "Basic Injection Duration". BID data is stored in a nonvolatile RAM and is not erased even when the engine is shut down. This information is used during warm up and wide open throttle conditions.
Short Term Trim is instantaneous correction value determined from the oxygen sensor readings. Under normal conditions it cycles rapidly around the 0 percent correction value and is only functional during closed loop operation. Short term trim is a component of the "Corrected Injection Duration". CID is used only during closed loop operation and not during open loop conditions. When Short Term trim exceeds plus or minus 10 percent for too long, the Long Term trim begins shifting, changing the Basic Injection Duration to bring the Short term trim back within the plus or minus 10 percent range. Short term trim can vary as much as plus or minus 20 percent, but the above correction mechanism works to keep it within plus or minus 10 percent.
It should be kind of obviously... If LTFT wasn't used in open-loop, half the problems people have with ECU's "correcting" tuning changes wouldn't happen in the first place. It could change whatever it wants in closed loop, then in open loop everything would be like you want it.
If you make the coolant temp sensor output too low it will revert back to running open loop. Most of the time when the coolant temp is under 150-158*F the ECU goes back to open loop. It will also have horrible timing & the A/T transmissions will all shift poorly & lock out overdrive gears!
The coolant thing has been done for years. The most anyone ever logged with a scanner on any OBD-II Toyota to my knowledge (and I did research this a few years ago to do it myself) is +5% fuel to LTFT. I use to advise all of us car v6 owners to do the mod, but it simply didn't do anything of note. All of us with iron block v6's could get infinite times more simply leaning our old AFM cogs & advancing distributor timing 7-10*
I also use to do this mod on my older OBD-I engine. I never got it to jump a single fuel trim step. OBD-I steps are 0-2.5%, %5-10%, 10-20% closed loop only.
http://www.midiwall.com/4Runner/ect.html
http://www.yotatech.com/showthread.php?t=5537&highlight=coolant+mod
Notice Dr Z get's 3.9% extra fuel. Yea big change!!!
Doing the ECT mod is most decidedly something everyone should skip.