Find a new mechanic! lol Geesh, this engine's been around since 86 or so.
Squirting oil jets onto hot areas has been around since the days of radial airplane engines. They also had closely spaced fins like the bandit has. The fins aren't deep, but they are more closely spaced than older, air only cooled engines. Even the black paint was desgned to assist in efficiency.
If it had oil passages circulating oil for cooling, it would be called liguid cooled. I think water/anitfreeze mixture is a better coolant.
Now that Suzuki is doing away with SACS, I notice BMW, Moto Guzzi, and Harley are adopting it to keep the air cooled look to their engines.