hi,
I am not sure the remote sensing TRV will work, the data sheet,
http://www.myson.co.uk/img/TRV_Remote_Sensor_Sept_2009.pdfsuggests that the TRV will be fully shut at any temperaure above 28C and remember when the TRV is open water at the radiator entry
point will still be at its original temperature and therefore so will the radiator, at least near the entry point.
I think you need a low surface temperature radiator or a 'old fashioned' fireguard arrangement.
Could you put the towel rail in series/downstream of the DHW cylinder so its feed water would be cooler?