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Oversized boiler - best aquastat setting?

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I have an old 3 story brick building with limited insulation. Approx 3000 sq ft in total. - The boiler size is 225k. It's about 10-15 years old. Most likely oversized. - there are 3 total loops. Each loop is a two pipe (approx 2"-3" each) reverse return system - I measured the supply pipe 131F and the return pipes at 123F. All 3 loops gave about the same readings. - Rooms have Cast iron radiators of various sizes - The current aquastat setting (Honeywell high limit L8148E) is 160F. - The thermostat has 3 remote sensors - it is reading the 3rd floor sensor, which is the coldest room, set at 72F. - I limited the thermostat to 3 cycles/hour. I measured the supply pipe temperature by touching a probe onto the pipe. Should I increase the aquastat to 180/190? Would a higher aquastat setting lower the heating bill? Would a higher aquastat setting create a more comfortable temperature? Also would appreciate your feedback on "short cycling" and "flue condensation", which I don't know too much about.

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