1st off... Thanks for the tips, tricks, things that work to help out a newbie. Learned a lot.
Did quite a bit of tapping on the divider plates. Clearance is now ~ 1/16". The tapping also kinda flattened the 2 plates, better than what it was. Did a bit of grinding, esp around the lower rad hose area. Seemed like the back plate sat a bit proud in this area. Ended up installing a 180F stat(tested ok), new upper/lower hoses. Gotter all back together yesterday, 50/50 mix on a-freeze. In garage, gotter up to temp, saw flow thru radiator. After market gauge shows 185-190F. Had 1 leaker...forgot to tighten a bolt(embarrassed-grin). Wife and I took ~ 100 mile cruise, mostly open country roads. Gauge showed 190F. The little traffic we did have, peaked just short of 200F, dropped back to 190F once we started moving.
While I believe it's a good fix, I'll still be watching the temp gauge.