to be more precise, when my XC was clocked to 50 Mhz, it was cold to the touch (in a tower with a good airflow).
The 70C degrees reported on the Motorola 060 datasheet, are as maximum degrees in "only Jesus knows" enviroment (test/stress-quality control)
Inside a desktop A1200, its another thing. (on a BlizPPC is the PPC-ram controller-voltage regulator that rises the themperature even of the 060)
Anyway if you use the 060 inside a desktop A1200 and its not overclocked, i don't think that you need ant extra cooling. (or if you you want to be 100% safe, put a small heatsink . . .just for the sake of)