In the heat transfer simulation (first image), you’ve set the convective heat flux (boundary condition) with covective coeff (h) as 50, which is too high to be achieved by a natural convection cooling technique. Values of h achievable by natural convection lie roughly between 1 to 30 W/m2 K.
Hence in the second simulation (conjugate heat transfer) when you setup natural convection cooling, you are getting higher values of temperatures as cooling is not that effective.
You may want to setup some sort of forced convection cooling, to lower the temp values.
Cheers!