Yes you can bring down exhaust temps to far and create condensation. if you want to bring the temps down to around 300 degrees you would have to be burning very clean first or you will have one nasty mess inside the heat exchanger. most of the conventional stoves on the market today run an exhaust temp of 700-1200 degrees for that same reason. if you have a conventional boiler and want more heat from the exhaust then maybe build a coil into the stack and run your return water from your home to the coil and then return to your boiler, I got a 10 degree water temp rise just from the heat going up the stack. Use caution though as it makes a great place for creosote to collect and chimney fires to happen. just curious, were you trying to design your own unit(research and development) or just did not want to spend the money for a factory built unit. Suggestion would be ,look at the different models out there, pick their brains, compare notes, and then decide if it is worthwhile building your own or buying one already built, tested and warrantied. A great boiler to look at is the one that we sell but I don't think it would be right to advertise the name here, however if you are interested in learning more about it you may certainly E mail me
Richard