I had egt sensors on my challenger back when it was 2 stroke, and routinely saw Temps above 1100. Couldn't get them to go lower. It ran good and plugs looked good but it still ran hot and eventually the motor died. Forgot the reason of the last failure, but here's what I found. When I was gutting the boat for the conversion, I found a little piece of shell in that cooling line fitting on the water box. It was the fitting that attaches to the rear coolant line that attaches to the T at the back of the engine. God knows how long that's been clogged, but you had to remove the whole water box to notice that. I went though 3 motors on that boat that all failed for unexplained reasons. Two top ends and one crank. Then I found out that the cooling system was not working correctly.
I had the exact same thing with the exact same results on my 787 spx. On the last rebuild, I found that that same cooling line was clogged solid with sand. I've cleared out that line and rebuilt the motor and 28 hours into it. So far so good. Check that line on both motors, and install water strainers.