Noticed that too. On my 68, the top of the thermostat appears to be the tallest thing in the system. I decided to drill a hole in the thermostat top and tap it with a plug. To make sure I drilled the hole at 90 degrees and did a good job, I went and bought a drill press!! Bought a Sears that maybe cost $170. Drilled the hole, tapped it for an aluminum pipe thread plug. When I loaded my engine with coolant (a mint never wetted ZZ4), I filled it until coolant bleed out of the opening.
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My thermostat housing is a Billet Specialties housing with a 45 degree neck. The Billet Specialties aluminum housing is horribly constricted inside. I would imagine that this could cause some real heating problems that people wouldn't guess was due to a thermostat housing constriction. I ground out the interior restriction. I probably doubled the interior opening. Now..how many people do you know that have ported a thermostat housing???
Also.......I have a Be Cool radiator in the 68, and the radiator has a radiator cap opening for a...you guessed it...a radiator cap. Or a 68 Corvette you don't want a radiator with a radiator cap. The overflow tank on a 68 (Ok,OK is it the expansion tank?, can't keep it straight) has the radiator cap for the system. For the Be Cool radiator, I used my Dremel disk cutter to remove the radiator cap spring so it just became a rubber gasket sealed cap. Now the radiator cap on the overflow/expansion tank works like a stock cap and the radiator cap on the radiator just seals the hole in the radiator.
Also, I could go on and tell what I use for radiator coolant, but this just causes a lot of controversy. Lets just say I don't have a heating problem with the 68. It runs cool. The radiator is actually for a big block and with an electric fan, the engine runs as cool as a witch's tit. (About 180 degrees on the engine temperature gauge, although I know this temperature reading may not be accurate, and also, on my ZZ4 I had to install the temperature gauge on the intake manifold next to the thermostat housing, not in the cylinder head due to fitment problems.)
Am I getting into too much detail here??? You know, ask some people the time of day, and they'll tell you how to design a watch. Yes drill the thermostat housing and install a bleeder plug. Somewhere in the early 70's (?) there was a Corvette thermostat housing that had a hole on the top to screw in a thermostat sensor the for smog system. This would be an option also.