Reply to mrsmackpaul:
Does it have a pipe that goes from the thermostat housing to the water to by pass flow the water when the thermostat is shut it might be rusted and blocked maybe ???
If it cools fine when the thermostat is open I would think the pump is ok
And you know the thermostats are working fine and shutting off ok but it sounds like the water has no where to go to me
Paul
just a couple of weeks ago, after the radiator was rodded out with no thermostat in place, the temp gauge would not move off the bottom, and engine would not warm up enough to run smoothly, so new cat thermostat / regulator was installed, new gaskets / o ring as well .. when it gets up to [gauge indicated] 140 to 160 F, the surging starts, no bubbles, just the level going slowly up and down, around 5 seconds to go up, same to go down .. water pump was not rebuilt recently.. but seemed to work fine without thermostat, gauge does not go higher than 180 [standing, appx 2/3 throttle], it's not boiling at all, there is no externally visible water bypass pipe, the thermostat is right at the very top of the casting maybe one inch away from where it bolts to the top radiator casting .. will be going out to the farm today again, and let it warm up a bit and give it the first oil change since rebuilt, only maybe three hours on it so far, but the rebuild was an inframe, and figure a $50 pail of oil is cheap insurance.. not sure if the surging is an air lock or just the thermostat opening and closing, water level is only 1/2 inch below top of rad ...i "think" i may have a non contact thermomter someplace, will try to find it and take it with me.. thanks