... I started the kick from a dead cold engine with the radiator cap off, the water in the radiator started circulating immediatly.  I guess this is a bad thing that means the stat is stuck open, right?  Could it be- two bad stats in a row?  Would air in the system cause the stat to be stuck open? ÂÂ
Let's boil this down (I know, bad pun

) to a few simple statements:
If a hose collapses, it will decrease coolant flow and make the engine run hot, not cold.
Pure water transfers heat better than a mixture of water and ethylene glycol or methylene glycol antifreeze. Running coolant mix with more than about 70% antifreeze will increase the boiling point but will actually RAISE the freezing point, not to mention causing hot spots in the head because it won't pick up heat the way water does. Pure ethylene glycol boils at about 300 degrees F and freezes at about 10 degrees F.
These numbers are off a Prestone jug: A 50/50 mix will give the best protection compromize for most climates (-34 deg F freeze, 265 deg F boil at 15 PSI). A 70/30 mix will freeze at -84 deg F and boil at 276 deg F at 15 PSI, but will not cool the engine as well. Warmer climates can use a 40/60 mix, which will freeze at about -5 to -10 deg F and cool the engine better. You need some antifreeze to lubricate the water pump, guard against boiling, and counteract corrosion.
New thermostats can be bad. There could also be a piece of debris under the valve, keeping it from sealing. It needs to be only a tiny bit off its seat to mess things up.
Because the ECU expects the engine to run at a certain temperature, I would suggest never using a cooler-than-stock thermostat at any time.
My Chilton manual shows the air bleed facing forward (toward the radiator).
If the thermostat is installed upside down, coolant flow can force the valve off its seat so you will get flow through the radiator when you don't want it - more flow at greater differential pressure as the water pump spins faster.