Are you using the right thermostat? Your cooling system was engineered to work with a particular thermostat design. It was so important that in some instances Chrysler put a decal in the engine bay to make sure the correct 'stat was used. This style isn't available through regular channels anymore.
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The "Robertshaw" design shown, now called a "high-flow" unit, is what came new in
every single Chrysler V8 built during the musclecar era. It was a part of the system design. They're still available NOS (break out the parts books!) and through
EMP/Stewart Water Pumps (although NOS are cheaper). The orifice area is at least twice as large as the junk we sell at auto parts stores. If it doesn't look the like one on the decal, it's not the right one no matter what the supersession or parts person says.
I have a 10.5:1 iron-head W2 340 in a '69 Valiant with a factory-style 22" radiator, a stock water pump, clutch fan (no shroud) and an NOS Mopar 2808631 (180°) thermostat. The engine bay is more cramped (less airflow) than an E-body. It stays right at 180° even on days in the high 90s. Traffic, idle, racing? It doesn't matter, the needle doesn't move.
Don't underestimate what the right thermostat can do. Always try the right thermostat before wasting money on anything else.