How do you know the correct thermostat was installed? I've never heard of a thermostat failing on an engine. Overheating is nonsense, and somebody has tampered with your engine. Is the water pump the correct one for your engine? If you've eliminated the thermostat, waterpump, then it sounds like a physical blockage in the rad itself.
It is obviously a stock engine. Sometimes the temp gauge sender goes bad. It is always wise to do a hot compression check as well.
Disable the fuel delivery and spark whilst it is being cranked.
You may have to flush your rad or engine.
A borescope is handy to discover blockages in the block components.
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Friday, March 18th, 2011 AT 8:57 PM