I let it run for about 20 minutes at PTO speed and checked the hose temperature several times. The temperature was within 2 degrees at the top hose and bottom hose. I took the top tank temperature and it was 209 degrees. The gauge read about 1/4” from the red. Let it idle about 3 minutes and it went down to about 3/4 gauge.
The inlet and outlet temperatures should NOT be the same if the cooling system is working.
Several items come to mind in this case:
1. Thermostat stuck closed, but it seem this is not currently in the system when the above data was taken. If true, this is not the problem.
2. Water pump not pumping coolant through radiator/block. Is the pump pulley rotating? Draw a line on the pump pulley to make it easier to observe if it is rotating proportionately to engine RPM. Yes, see number 3, No fix water pump or belt system see 4
3. With no thermostat installed and engine cool, remove radiator cap and observe for coolant flow. Do you see coolant flowing? Yes, see number 5, No water pump not functioning.
4. Fan belt not tight enough causing water pump pulley to slip. Remove belt and verify pump rotates freely by hand.
5. Verify radiator is not clogged internally and the external fins are not plugged with grass/seeds/weeds/mud or anything else that can get sucked into the fins. Some radiators also have protective screens that can prevent proper airflow through radiator.
6. Is the fan installed in the correct direction?
7. I don't like the drop in pressure. Suggest duplicating the test when the thermostat housing leak is fixed. Track over a longer period of time while noting coolant temp. Pressure will decrease as coolant temperature decreases. Once temperature stabilize any drop in pressure is a concern.
Good luck!