There is some nice info here on the set points for the thermo valve, and I wish I had seen it during our 'initiation' (first year with the boiler). We were told we could get a longer warranty if we installed our thermo valve, so of course we did, and were told it was set at 150. I've noticed we get very little flow until the outdoor reading is at least 161. That became a concern for a while. Makes sense it starts to scale back at 170, and is mostly closed at 150; that matches what I have witnessed.
To the topic at hand, I've tried the lower water temp settings. I'm a geek, if it's computerized, I'll get into settings.
I find lower temp helps on marginal heating days. Less wood consumed, and a better match for the heat needed. In other words, if it's 50 and sunny or 60 and cloudy, 170 is a good setting. My heat is distributed old-school style in the house, using hot water (via heat exchanger), and there's a delay between the heat delivered to the radiators and when the indoor thermostat trips. That's why adjusting the set point helps, less of a heat slam during low heat needs. I doubt it helps if you use forced air, and may even create more trouble than it is worth.
Below 32 degrees outside, I run the factory default 185.