I don't think it really matters, as long as you run at least a 16" fan.
If you want to run a 14" or 12", then please build a really efficient fan shroud.
I had a 14" on my 3RZ and it did fine until I did a snow run last winter. It was really cold out, but going 5 mph with it floored in 4WD trying to mush through new snow was not a good combination. High engine load and nearly zero air flow.
Once I get back for Fresno, a 16" fan is the first thing I am going to do. It has become too cold to ride the bike, so I need to improve my gas mileage a bit. An electric fan is a great way to do that-
Also, about a theromostat, somewhere in my project buildup, I posted a link to a really cool site that sells theromostats that are automatic. They continually varry the voltage depending on engine temperature. I am going to use that instead of a simple on/off thermo. It will make it much eaiser on the charging system
BigMike