Hey Rich,
I had a strange thing happen yesterday when I was putting the 174 to bed for the winter.
'68 120 with pre-Alpha drive.
Hooked-up the 'Fake a Lake' and ran ran it to temp.
Drained engine oil & out drive lube, refilled both, new oil filter.
Fired it up to fill oil filter & no water to engine
Pulled & checked thermostate - open but no water in housing.
Pulled plugs to drain engine & manifold.
What could have happened to my water circulation.