I agree with Bob. Depending upon ambient conditions, running this particular engine w/o the thermostat can actually make it run too cold.
This I agree with. I am in no way advocating removing the thermostat as anything other than a diagnostic step. The original poster had said, "he could not go 200 yards before the temp gauge started climbing quickly toward 100," which is consistent with a stuck thermostat (and what the problem turned out to be). The thermostat is there for a purpose, its purpose is to keep the engine from running too cold.
That said, the notion that removing the thermostat can make the engine run too hot is just wrong. The thermostat is a valve, it opens more the hotter the temperature. Removing it is functionally equivalent to having it open all the way, which is the state it should be in when the coolant temperature is at or above the thermostat rating temperature.
Bob wrote:
"The engine is cooled by relatively cool coolant returning from the radiator. The heat capacity is directly related to the product of the flow times the temperature difference between the cylinder head (where the heat is mainly generated) and the returning coolant. When the system is working right the thermostat starts to open when the head gets to the thermostat temperature, say 190F. A stream of hot coolant at almost 200F reaches the radiator and the radiator loses the heat proportionally to the difference between the air temperature and the coolant temperature. That is the critical part: if the air is 100F and the coolant is 200F, twice as much heat is cast off as it would be if the coolant is 150F. Without a thermostat to keep the radiator inlet temperature as high as practical, the radiator can't get rid of heat as fast as it should. When the system becomes saturated with overheated coolant, which is common if the thermostat is removed, the engine is overheated."
This is just proof that you can't believe everything you read on the Internet. "Without a thermostat to keep the radiator inlet temperature as high as practical, the radiator can't get rid of heat as fast as it should." In what way does the thermostat function to keep the radiator inlet temperature high? That's not its job at all. Its job is to limit the amount of coolant flowing into the radiator to keep the engine temperature constant. With the thermostat removed all of the coolant flows through the radiator, and the engine runs cooler than it would if the thermostat were limiting the flow. It's true that without the thermostat the radiator inlet temperature is lower, because the radiator inlet temperature is the cylinder head temperature, and the engine runs cooler without the thermostat.
The quote does get one thing right "The heat capacity is directly related to the product of the flow times the temperature difference between the cylinder head (where the heat is mainly generated) and the returning coolant." Although I would put it differently, the heat dispersion of the radiator is the flow times the temperature difference between the entering coolant and the returning coolant. I'd say that because the radiator is where the heat is lost. With the thermostat out, the flow in the radiator is always going to be greater than with the thermostat in, and the heat dispersed is always greater too. If the heat dispersed were not greater the engine would run hotter, which would mean the temperature differential would be greater, which would mean that both contributors to heat dispersal -- flow and temperature differential -- are greater, which is not possible if heat dispersal is less.