Paul, I think any change in your performance would be based on a combination of factors, not only the water temp, but also the air temperature and humidity levels. Colder & drier the air is more dense and will yeild better performance. For example, you will expereince greater engine output on the same ski at sea level compared with a mountain lake in Utah, but you probalby already knew that.
Colder water temps mean lower exhaust gas temperature (EGT) and engine cooling system temperature which probably means a increased injector pulse witdh (more gas ... more power). So, the ECU lets the fuel flow until the some predeterminded limit is hit, RPM, EGT, cooling system temp etc.... On a hot summer day, the EGT or cooling system temperatrue may be the controlling factor, but on cold winter day, the controlling factor may be RPM. It's all based on the really smart folks who built and programmed the ECU. Perhaps someone out there has the specfic details for fuel mapping.