Water Wetter, of any variety, should help remove more heat from the engine as stated above. The catch is that this heat is absorbed by the water and the water then will be hotter as it goes back to the radiator. If the radiator/fan is not sufficient to transfer this heat to the air, you may not see a temperature decrease.
I would start with the radiator, fan, shroud end of the equation. Many older radiators will have a lot of the tubes clogged or partially clogged. Sometimes you can put your hand on the lower core and it will be colder than than the upper rows....means the lower ones are plugged up.