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Remember that the 180 degree thermostat starts opening at around 180, but is not fully open until about 200 degrees. So, anywhere from 190-210 or so is the normal operating temp.
Mine usually hits about 190 before dropping. Are you using a stock gauge? I put some really nice large Summit gauges in mine and I can actually see when the thermo opens due to the drop in temp. I could not see that on the stock gauge or the cheap aftermarket one I had.