There are two main options in regards to the Cleveland bypass. Each of which have some other considerations.
The #1, stock set up is the most "dummy proof" but it all comes down to you having to rely on a $10. part. The thermostat must work correctly for the factory internal "Controlled Bypass System" (as Ford called it) to work. Brand new thermostats can work incorrectly, so if you're gonna go this route, test your thermostat for proper functioning.
The #2, "Pantera set up" will make your engine take longer to warm up to the temperature it was designed to run at. Some people think that if your not overheating, all is good. Underheating is also not good, it's just not as obvious. If you like to run your car in the summer without the heat on...I'd caution you. (who the hell wants their heat on in the summer?...you ask) you're already working without the internal "Controlled Bypass System" by going with the #2 option. The heater core loop also works as a bypass loop (shortcut around the radiator) while the thermostat has yet to open. With both possible bypasses closed where does the water pump get it's return water supply, prior to the radiator loop being opened by the thermostat?...it doesn't have one. The coolant in your heads is not circulating (or going anywhere) if it has no where to go to. To remedy this, the more learned/experienced guys will drill a "few" 1/8" or 3/16" holes around the perimeter of the thermostat. This will allow "some" water to circulate through the radiator, providing return for the pump to pump. Two 1/8" holes for stock hp motor to 3-4 3/16" holes for a high hp motor. (get the picture?) Again, this option will take longer to heat up to operating temperature, so if your constantly using the car for 1/2 hours runs and it never gets any hotter than 140°, you will have other problems and will NEVER TRUELY EXPERIENCE THE ENGINE'S POWER POTENTIAL. There are way too many variables to consider which is why the Ford engineers came up with #1. Test your thermostat.
Can anybody provide a part number and/or link to the right vendor for the proper thermostat?
Also, if someone had their engine gone through (as in, torn down, machined, and rebuilt) how would one go about obtaining a proper brass ring as a replacement (or does it come with the correct thermostat).
I ask because I don't recall the brass ring in mine, and while it hasn't overheated (although has run a little warmer than I would've thought it should), I don't want to take any chances.
Thanks in advance!