X 2 with the clear hose idea looking for air bubbles and testing with the IR temp gun like bruceb58 said. You may have some bad rubber grommets or gaskets some where between the drive all the way up to impeller housing it's self.you may be sucking air and it could be happening even in the outdrive. I had a similar problem (search my threads). Hook up clear hoses to the water pump inlet and outlet and look for air bubbles. If you have them then theres your problem. You will se a link to a volvo overheating troubleshooting guide in my thread on this tops that Don S posted
Good luck
That's what I was saying in my post above
Yes it could be the circ pump, You really should have a tool like this http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=96451 to help know for sure.The risers have plenty of water going through them cooling them off. The temp sending unit is next to the thermostat housing on the in intake manifold. When I touch the intake manifold or the engine block it is HOT. The risers are warm but not HOT. That's why I believe that the there is plenty of water but its not circulating through the engine to cool it down. I took the hose off of the circ pump and it was definitely to to the boiling point. I beleive that the temp gauge is accurate in telling me that the engine is overheating.
Circulating pumps rarely fail in this manner. What fails on these is that they leak or the bearing goes out.Yes it could be the circ pump.
I know, But without being there with the engine it's kind of hard to tell, And we have all seen weird things happen, Also I seen one guy post up somwhere and said he was able to remove the circulating pump and removed the back cover to the pump to clean out some grass of some kind and reinstalled the pump while he was still on the lake and the engine stoped over heating right after that. And I believe he was saying about the same thing here it took the engine a little time to over heat also, So you never truly know sometimes is all i'm saying here.Circulating pumps rarely fail in this manner. What fails on these is that they leak or the bearing goes out.