I still think it is a great idea, but when I was putting my engine back together I just didn't have time to pursue it. Too much other stuff happening. I did go to the Evans NPG coolant though, since I think you get some of the same benefits without any real hardware changes.
I think if you look at the LT1 cooling system and use the same ideas then you should have success. Vent lines from a couple of high points on the heads for example. One of the car mags had an article on LT1s within the last year, it was either Car Craft or Hot Rod, and it detailed their cooling system. I liked the 3 way valve they have for a thermostat for example, and would like to figure out a way to adapt it to my car. It keeps the water pump at full circulation all the time, it just diverts the flow around the radiator when cold and then starts moving the valve to shift flow through the radiator as it warms up, eventually closing off the radiator bypass completely. Slick. Would sure help on my car, since I've done some things to keep the flow up when hot, but it results in slow warmups when it's cold out.
John