Depends on the state of tune
A remap or intake and exhaust mods shouldn't need any changes to the cooling system. If the engine is running hot it is more likely to be either an air blockage, faulty thermostat or incorrect ignition timing.
Major mods resulting in a fiar increase in BHP may require additional cooling, but only to deal with the extra heat generated when using this extra power. If you don't use it for long periods you may not need to do anything as standard systems have a fair amount of spare capacity.
I don't think that wrapping the exhaust will have much effect on internal engine temperatures, but I am prepared to be corrected on this
Ways to improve cooling:
Change standard radiator for a more efficient one.
If not fitted with an electric fan, fit one (on engine side of rad). For a proper job, also fit a shrould that covers the area of the radiator not covered by the fan. This improves efficiency and cooling as the fan pulls all of the air through the rad rather then just that that is in front of the blades.
Don't overdo the glycol antifreeze.
Straight water conducts 140% more heat than glycol, and 60% more heat than a 50/50 mix.
Make sure radiator hoses are not kinked or collapse when hot.
Look at ways of improving the escape routes for hot air out of the engine bay (this isn't as easy as it first looks, as you need to know where the high and low pressure areas are in order to do it properly)
I am sure people can add to this short list