iirc the IAT sender and the ecu coolant temp sender are the same, so it'd work as a IAT sensor.
But the problem is, you cant simply remove all the coolant temp compensations in the ecu. its used for general enrichment, cranking injection times, cold idle, overheating protection and cold timing protection.
have a look at the cranking injector times in the standard power fc map, theres a massive difference between hot and cold start. once you wire it up the way your saying it probably wont even start, let alone run properly.