When I had my engine rebuilt a friend of mine who was in charge of the engine rebuild based on my spec's asked if I would be willing to try a "restricter disc" in place of a thermostat. NASCAR and some racers use them mostly because they run at one speed all the time and don't have any stop and go driving. Moroso makes a set of them in different diameter hole in the disc. We tried the next to largest size just to see.
What they do is they don't allow any water to stay in the radiator, they just allow a certain amount of flow depending on the hole size, largest the most water, the smallest the least of flow back into the engine. It was a interesting experiment but useless on the street. I took the one we had put in there out and installed a thermostat because the engine couldn't get cool, it just stayed hot all the time.
That's the same thing as running a to cold thermostat, like the 165's. For one thing they open to early and open up all the way to soon, and stay open not allowing water to stay in the radiator to cool down. I knew several guys who had high performance engines in their cars and claimed to not ever have over heating problems. I didn't understand how they couldn't keep from having over heating problems unless he just never drove the car long enough in hot atmospheric conditions to really heat the engine up. Also, they must have had a very clean radiator and a good fan and proper shroud set up.
@7900_Blazer, your engine running 210 to 220? would be like the thermostat being open all the time and never allowing water to stay in the radiator long enough to cool down before it went back into the engine. And, as we see the condition of the poor radiator what cooling that was taking place was very low and by the time the water got back into the engine it was still hot.
I know some may be thinking about those restricter disc's in the NASCAR cars, how do they keep from over heating? They're doing 180 mph and there's so much air going through the radiator no amount of heat can stay in the water!