Cobleskill
Treehouser
Try to turn your fan by hand. An old glazed belt will slip. It should spin the crankshaft on an engine like that.
I had it explained to me that a cooler thermostat can lead to problems. An engine that does not reach proper temp may not evaporate any water in the oil and may have deposits build in the combustion chambers. Not my personal experience though. I always run 180 or hotter.
I have had radiators that looked clean on the outside have a lot of dirt in the middle.
Cold engines die young.
the 160 was the std for that motor until the 70's emission requirements came along.