Ok... a pretty productive day working on her for all of 4 hours. Got my gallon of DOT 5 finally and bled the system. The front wheel cylinder needs to be rebuilt, but I wanted to drive her a bit and check for other leaks. Got a rock hard pedal.
I topped off the radiator and ran her for quite a while... about a mile of on-road action and the temp was hitting 240 degrees! I was puckered pretty tight, and shut her down in a hurry. But after I shut it off, I flipped the master back on to see the needle, and the gauge settled at 180 degrees. Popped the hood, and the radiator was warm, but not boiling, no steam, and no water puking out of the cap.
I either have a sketchy sender, gauge, or thermostat. But even if it WAS the T-stat... it couldn't have cooled down that fast without the water pump running. At least that's my take on it unless someone has a better idea what's happening. (Please speak up)
My wiring patches seem to be holding, but the turn signals are acting weird. It takes about 10-30 seconds for the lights to start flashing... but then once they are warmed up they work perfectly. Unless someone has another idea, I'm going to guess it's a ground issue. The system arcs a little and establishes a better ground the longer it runs... or so I suspect. (Again, if this sounds familiar to anyone, please speak up.)
Paint... I scraped some more. I will scrape more next week. I am fighting the urge to just knock the loose stuff off and spray it.