I have A 1998 Regal 1700 w/Volvo Penta Stern 3.0L 4-cylinder. It overheats around 3000 RPM, usually not lower than that. When I bring the throttle down to neutral and wait, about 30 seconds to a minute, and hit the gas it will drop the temp back down to about 175. I checked the water pump and thermostat and they are both operating properly. When I hooked the earmuffs up I noticed there was no water coming out of the prop, when I put my hand near the prop I can feel the exhaust coming out. I have hot water dripping down the transom so I know it is being circulated. Any suggestions would be appreciated thanks.