I think I made some useful progress.
I removed the bleeder valve and worked with an open hose.
I also applied some pressure to the fill tank in an attempt to force the coolant into the system.....Don't worry, I limited the applied pressure to 1723 psi to be safe.
With the engine running I was able to eventually force coolant through the system, bleed the air, and finally end up with a non-boiling, non-overflow, constant coolant without bubbles situation.
I confirmed the T-stat was opening and closing because the vent would show boiling, then steam, then go back to coolant. This went on for many cycles, with each cycle having less boiling and more coolant.
It took about 20 minutes total to get all the air out....and MAN did it make a mess, but I was able to let the engine idle and everything esle worked as it should.
Through this exercise I was able to witness the cooling fan working properly through its various speeds...that stuff is still working well.
I was able to see the temp gauge move from cool to hot and all levels inbetween as the coolant flowed, air locked, boiled, then flowed again...that stuff is still working.
I was able to see coolant flow from the fill tank into the system...that stuff is working.
I was able to verify the heater core is not air locked either...that is working.
I also boiled the old T-stat in a pot of water and it worked as it should, making me a bit skeptical of my diagnosis of a stuck T-stat...Oh well, can't win them all.
Now I am wondering what did make this situation occur.
I will be looking for coolant in the combustion chambers as well as a coolant leak somewhere in the system.
As it was the system has not lost any coolant, was not showing any signs of leaks either by dampness, puddles, corrosion somewhere, or smells.
This makes me wonder where the air lock came from.
Like I said before, I have done coolant flush and fills on the car before and had great results that lasted years between service intervals without issue.
The drain, fill, and bleed method working like it is supposed to...even if it is a messy transaction.
For now I am keeping a close eye on the system because, while it appears things are back to normal, I don't trust it just yet.
Again, thanks for the input.
Many of us a very good with these mechanical things, and we often figure it out in due time on our own, but it is always nice to get other ideas and experience in the mix to confirm we are going in the right direction.
Have a great day.