165 ftlbs?? Ouch! The outer locknut shouldn't need that much torque to stay put, but I guess it won't hurt... Once the bearings have been seated by torquing the inner nut to 50ftlbs or so, then back it off completely and tighten using just your hand and the socket. From there, back the nut off one flat, and install the lock washer and outer lock nut, making SURE that the pin of the inner nut is properly located in one of the holes in the washer.
That should get you to just about zero preload on the bearings, and your hot hubs will go away. This method was in my old Chilton manual, and always worked for me. I do trailer bearings the same way, and I've never had a hot hub or bearing failure. If the bearings are tight and hot, then you ended up with too much preload on them.