Re: Where is my thermostat?
I know the big boys (I6 engines) and the smaller (7.5) didn't have stats back then. Would assume the 25 didn't either. Best place to look for it would be a bulge in the water jacket cover over the top of the pistons....the area around where your plugs are. A stat would probably be a distinctive cover bolted onto/over the mentioned jacket, held in place with a couple of screws.
OB stats look and function just like car stats and are located in the same (functional) places...just smaller.
HTH
Mark