Yes, I have had it on other cars but it has not really been a problem on my inline Fords. I am not aware of an air bleed on the coolant system for the inline Fords.
But to get rid of it, I take the cap off, start the engine and run it till it is warmed up and the thermostat opens. Then raise the rpms and allow it to circulate the air out. Don't reve too high or you will surely overflow. Also, if the engine runs hot anyway, you can expect it to overheat when doing this operation. On some vehicles I have put the front wheels on ramps and run the engine in this position which helps make sure the radiator cap is at the high point of the cooling system, just in case it is not.
Doug