Air bubbles should not cause the coolant temperature to read high. Air bubbles actually insulate the engine, reducing the engine's ability to transfer heat into the coolant. As far as I know, you shouldn't see any indication of bubbles on a temp readout.
If you leave the bike idling in the driveway, it will overheat.
I say this as someone who previously rode the piss out of a 2004 GSX-R 600 (30,000 miles in a year and a half. Most of that in the mountains, and all of it local.) I've changed the coolant on the bike many many times in order to flush out the glycol for track use. If it idled for too long (10-15 minutes,) it could hit 240 - even with the fan on.
The only bike I've ever owned that would not overheat sitting at an idle is my current K1300GT. Would you like to take a guess at the size of the radiator?
No.
Modern sportbike engines use a cam over bucket design. There are no lifters.
The oil pump would not cause your engine temperature to read high, without also setting off the low pressure indicator.