Yes, running the engine warmer (all other things constant), will allow you to loose less heat into the coolant. This means more is going to go into pushing the piston.
That assumes the ignition timing is staying constant, and heating things up more in the cylinder tends to cause pre-ignition earlier than in a cooler engine. So, it really depends on the engine design and its ability to avoid pre-igntion, and how conservative/aggressive the ECU programming is.
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