Looks to me that the colder thermostats like 160° F and 170° F were used with alcohol-based or methanol type antifreeze. Shop manual for '64 sez "All Engines" thermostat begins to open at 185° to 192° F, fully open 210° to 212° F
If you look at this Rotunda t-stat it shows 190° F despite the nomenclature on the box. It definitely looks to be higher flow compared to what's out there today.
It is important that any engine warms up quickly and to a sufficiently high temperature for engine cylinder wear reduction and boiling off sludge and condensation. The operator's manual allows that fuel economy will also be improved.
