Well I am going to start a huge arguement here, but I can pretty much prove conclusively that having no thermostat in does not cause any problems with overheating.
I am a thermal engineer, and I spend most of my days designing and analyzing systems to cool things off. People will argue with me about this but it is one of the subtle corners of engineering that most people just do not understand. It may appear to make that car run hotter, but that is a false observation. If anyone really wants to know I can tell you but it's really too much for general discussion (I have discovered that the hard way).
So, that being said - I will check the lower radiator hose as that seems possible. I haven't driven much these last few days but Ill try to sneak out from work today and give it a try.
And in case you didnt guess, I don't have a thermostat installed.