I'd check out the regulator bypass pressure and make sure it's 12 psi. It doesn't take much to foul a regulator with sand, etc.
Why 180?
Mercruiser used to have a 140 thermostat, but later ones used a 160 stat. I'd make sure you have a 160 stat, and even drill a relief hole in it.
I'm not sure that too much water out the center risers is a bad thing, but all I know is logs and snails, and open cooling systems.
Dan'l