I used to worry about this in the past. But I find today's power supplies in LED bulbs to be far more efficient and run surprisingly cool. Our outdoor fixtures are open anyway so heat collection is not a problem. The limit they had for normal bulbs was likely due to immediate vicinity of the bulb getting too hot.A general warning to readers: Don't be tempted to overdo the upsizing. The fixtures are limited in wattage because of their limitations on heat dissipation. LED bulbs have much lower maximum allowable temperatures than incandescent bulbs and can overheat in limited wattage fixtures.
Even indoors with closed fixtures, the increased light is worth a potentially shorter lifetime. On that note, I have noticed that a new class of LED bulbs is coming to market from Philips that are much smaller and cheaper. The down side is that the Warranty is shortened considerably. I am shying away from these as I suspect they have reducing cooling and hence the reason they don't want to stand behind them as long.