I am going to check the thermostat this weekend, it's a first gen sbc 160 thermostat, reason is we used the straight neck billet water outlet in place of the traditional LS style that is mentioned on this site. The lower hose has not collapsed that I know of, the condition of the hose seems ok, maybe I need to install a spring though just for insurance. I do not know if you can control both fan speeds by ecm only, currently I have the hi speed hooked up but will switch it to the low speed and see what happens. We evcuated all the air from the cooling system at my buddies shop, they use a machine for that purpose.
What would restricting water flow do to help keep the car cool on the highway, not sure I follow that one, sorry. We are going to redesign the fan shroud as well, the newer cars have flaps that allow air to move thru the radiator and shroud more efficiently.