It's not the Dynamo that would need active cooling, it's the AC-DC portion of the equation. I've talked to Larry about going bigger with the AC-DC, but 300W is the largest supply he feels he can make in a passive enclosure. The holy grail for this sort of application would be to integrate GaN into the equation which would increase efficiency from 90 to 94%, substantially reducing heat produced. Unfortunately this appears to be quite far off on the horizon for the time being. As far as heatsinking the Dynamo, my heatsink is already 2-3 times the size of what is required, so going with a higher dissipation heatsink is moot.
Ahh, ok. I could be very naive in my next suggestion but...
I was doing a bit of reading and got reminded of a case I saw, with an unusual form of cooling, which might be an option.
Liquid Submersion Cooling with mineral oil. If the AC-DC portion had it's hottest points (or the entire unit) within a mineral oil tank to provide complete contact, the mineral oil could then improve the efficiency of the heatsink due to the hugely increased contact area and that it is essentially liquid cooling taken to the extreme.