well i just got in from driving it about 35 minutes and after i shut her down the radiator was only warm to the touch, i opened the cap and the coolant was only warm to the touch too... idk if the truck just runs cool, or the thermostat is bad or i need to get one of those winter front covers.... i have noticed coolant on my frame rail that has been coming from the overflow, that may have something to do with i..
Verify your temperature at the engine only. These use a full flow "diverter valve" as opposed to an open/closed thermostat. There is always a full flow, but when the thermostat is closed, it's a full flow completely within the engine. As the thermostat opens, it partially opens a "parallel path" which includes the radiator, and at the same time, restricts the "internal only" path by a like amount. This gives the engine 100 percent coolant flow to equalize hot spots and what not inside the engine with no external cooling when cooling is not needed. This means that an engine which is fully warm and maintaining it's own temperature nicely, with only just a tiny touch of "extra" heat will not wait until it's too hot and then open up to the radiator, rather it will get hot enough and then "trickle" enough coolant through the radiator to maintain it's temperature.
After this, factor in that the Deuce has about three times the radiator that a modern "civvy" equivalent would have, so it's not working as hard to cool the engine. It needs much less flow, much less of the time to do it's job.
You will quite often find a discrepancy in the temperature of the coolant in the radiator and the temperature of the engine. Go with the temperature at the intake water manifold just prior to the thermostat (where the temperature gauge is mounted) for temperature that may be accurately interpreted the way most folks are accustomed to. (That'll be the "steady" temperature that in an ideal world would peak and hold at or about 180 degrees.)
If that temperature is where you'd like it to be then you've got no worries. (around 180 is ideal, some have a hard time making it quite there, and if it's hot enough out with some hard work, you can tease it up a little over that). If that temperature doesn't get to where you'd like it to be, then you have something to correct. But the bottom line is that a radiator that's cooler than the engine is a characteristic, not a symptom.