Don,
First, as Jim pointed out, 75 deg C is above your 140 deg F threshold. So, your argument on that account may be a little tough to defend. Second, the 90 deg C temperature is the cable temperature, not the conduit or raceway temperature. Based on my understanding of heat transfer, there will be a drop in temperature by the time a person were to be exposed to the outside of the conduit; that temperature, may or may not, be above your 140 deg F, maximum. I think the safety argument may be a little thin.
Next, I will however, have to concur with your point that the losses could add up to be a factor in how you design. I did a calc, looking at a 200A circuit which would require #4/0 AWG at 90 Deg C, and 250 KCMIL @ 75 deg C. Using the differential cost to use smaller cable, and conduit and use the 90 Deg C would be offset by roughly 1 year of additional utility expense, in other words break even. In year 2 and later, it is costing more money to go to 90 Deg C. I did not evaluate the incremental cooling cost for installations in conditioned spaces.
This of coarse applies to 600V and below. Seeing how the minimum design for medium voltage is 90 deg C.