Yes the temp reading is verified correct.
The #304 thermostat is a 160°. We can get to 145° pouring cold water over the radiator with it idling. We only did this once to get it cold enough to safely pull the radiator cap for testing.
From a cold start it will get to about 163° and cycle back to the fan shut off at 155°.
We just checked back into the same motel as last night. Everything we have done has made a dramatic difference. But it still wants to creep at 50mph with any hint of a hill. The good thing is today when it got to 210° we could pull off the road and it will start cooling down on it's own, yesterday it would continue to climb.
We have played with the AFR and timing going down the road and have it set at the coolest settings for our particular combination. We went back to premium gas today and no difference. FWIW ethanol free is 100° hotter in EGT vs E10 of the same octane.
We've decided to wrap the headers and down pipe after we go split a $17.99 Steak and Lobster at the casino.
If that doesn't cure it, we have a igloo cooler that holds 5 gallons of ice water, it'll get a bulkhead fitting, ball valve and tubing to the front of the radiator for corrective cooling while moving.
We also have the old heater box complete with heater core and fan we can plumb/wire and run to help out.
We have the original brass radiator with us, but the top tank has a leak. If we refit that it would take some reengineering of the fan situation as well.