There is no tell tale shown on a 77 model.------Folks maintained their motors back then, did not need a telltale.-----Water does not pour out of those 2 holes at idle.----It may spit out a bit when thermostat opens.------You have inspected the thermostat ?----You have checked that poppit valves are free to move in the grommets ?----You have at least tested your over heat horn ?