Silly question; did you check the thermostat? If you remove the thermostat-for example- and the tank water gets warm then the problem is probably there. BUT, I like Don's solution too
I have a completely stock cooling system except the upgraded thermostat housing and the little hole drilled in the thermostat. The radiator is a 2 core with the automatic trans cooling tank left "open" (74 CSa conversion to 5 speed). I just got back from a 2 hour run in the Austin hill country with the A/C blasting and the temp never quite reached 3:00, so all things being equal you should be able to get your system working well. Bleeding is important, but if I can do it-trust me-you can do it. (current outdoor temp about 95 d.)