Re: replacing poppett valve
Actually, that's about right on the pressure, though it should climb a bit as you go up from there. It should go up to around 12 at 3000 rpm or so, then drop back a couple of lbs when the poppet opens. My engine, (exactly the same) has no hose from the top to the poppet like '89+ engines do.
So, poppet valve serviced, proper t-stats installed, pressure gauge reads near 0 when engine is stopped.
What is your water pressure at idle, 2000, 3000, 4000, 5000,and WOT?
Should be about off the peg, 8, 12, 12, 15, 18. It can vary quite a bit, but should not be 0 at idle, or either real low or real high at WOT. It should ramp up till the poppet opens, then drop back noticeably and ramp up again.
The little hole in the poppet cover is just an atmospheric pressure reference for the diaphragm. If water comes out the hole, the diaphragm is bad. It is required. Don't plug it.
hope it helps
John