Solid basic setup!
Personally, I've had problems with the std spring loaded T valves, hence the driver mounted micro valve for the headers. Never a problem with the other boat with std logs, OT pipes and no OB dumps, though.
I've been toying with the idea of tapping exit water from the rear of an engine for awhile now, but one thought has stopped me from trying to destroy thousands of dollars worth of engine. Trapping the (well, lets face it, not pre-heated on a header equipped engine) water and forcing it to stay in the engine a bit longer would tend to increase operating temp. A good thing, since these boats end to run from 100 to 160 degrees depending on the boat and who you talk to. 180 or a tad higher would be great if we could acheive it, but only running a thermostat would that be possible I think. Then the pressure valve would come into play. Or pressure regulator, to be exact.
I've been giving more and more thought to a few boats on here that are running water pumps. GT I think put it best that it's pretty common to do so in the PAC NW on River boats where the water is much cooler, and honestly, the water pump would likely act as it's own pressure regulator. Coupled with a normal thermostat, makes almost complete sense to have an open cooling system that held a pretty consistent water temp with that hardware. Unfortunately, my crap is all so weird that theres just not an easy way to test this theory on the local Socal or AZ lakes or the lower River.
Ray