When I got my green outfit, the first thing I did was drive it down from Sedona on 107 degree day - staring at the temp gauge with bag of ice on my head. Fortunately - it never boiled over (that should have told me something....). When it cooled off, I pulled the cap and added water. Not the right move, very next drive - it spit it out.
Experienced local bird owner told me to drive it 'till it hit a "normal hot" temp not boiling - then check the water height in the tank cold and afterward, use that for my fill mark. The explanation being that the "overflow" was the surplus tank capacity. Desert drivers are greedy for water capacity so I added an overflow tank. And a steel six blade fan.....
I found a recommendation here to use a "high flow" thermostat - removed mine and found it to be about the size needed for a lawn mower. If you haven't been to the CASCO site and seen their water flow test - do so. Found that a high flow, big block Chrysler thermostat would work nicely in the Ford housing - NAPA #6 will too - and the "normal hot" gauge temperature dropped a bit.
Next I found out about the bypass hose and what its function was - and quickly realized that a considerable amount of water passing through that port was not going through the radiator. When your thermostat is wide open and you still need more cooling - its a function of how much hot water can go through the radiator. It will plainly accept more than it was getting - reducing the movement through the bypass instantly changed the temp gauge again.
Next trick is looking for a smaller pulley - raising the pump RPM relative to the engine RPM. Several methods are available - I used one from a 302 - Concours, sells one - its easy to get a +10% improvement. I've also put a Hayden fan clutch on it - and a rigid seven blade aluminum fan. All of the improvements I put on were reasonably priced - and mechanical - even though an electric booster fan was tempting.
Steve Metzger Tucson, Arizona