Re: no water out of power flow holes
Do you mean the exhaust relief holes above the water line at an idle?
At WOT the exhaust air speed is substantial, most likely the cooling water is simply blowing straight down with the majority of exhaust gases and exiting below.
How is the operating temp, can you touch your hand on the cyl block for a three count?
Is there a strong 'P' stream?
How old is the water pump impeller, more than one year, no more than 2?