Since Mike has mentioned 'a GT40 that lives in Houston', I'll lay claim to that description. I used Mike's system and applied it to both my GT40 and my Pantera.
The system has been applied to several Panteras in the Houston area (I can count 5 for sure, might be more) and nobody has any problem with overheating. My son and I plan to implement the same system on the Pantera he is restoring.
Each guy has implemented it slightly different, but the basic premise that Mike has explained is the same.
GT40
I have a Meziere remote electric 55gpm pump mounted behind the radiator up front with two braided lines running back to the block. These are nice. Turn the key on to bleed the system. You don't even have to start the engine. I also have a perfectly flat firewall. No bump inside the car.
The electric pump runs full blast all the time. Even at idle where a mechanical pump pumps less.
I used the heater hose that was already there and hooked it to bottom of the 'pressure tank' that's on the right side of the SPF MkII's already. Just as Mike has described.
I have an expansion tank mounted up front on the left which uses the old radiator bleed hose that SPF had connected to the pressure tank. I just have a brake caliper style bleed screw on the radiator.
The only thing I haven't done is the shroud modification. If I sit long enough in 105F standing traffic with nothing but exhaust fumes going into the radiator, I will see the temp gauge rise slightly. Once I start moving, it drops immediately, so I know I just need to improve the fan air flow.
By the way, I believe that the wiring is generally about two gauges too small in the SPF's. I get a 2 volt voltage drop from the fusebox to the driver's side door on the A/C system. I also get almost 2 volts drop to the radiator fans. My plan is to re-wire these with larger wire and get some more oomph to the fans. I expect things to improve.
Oh... and although I have the heater hoses in the GT40 hooked up with cut-off valves, I've not installed the small heater pump yet. It just doesn't get cold enough often enough to force me to do it. Besides... drive a GT40 for awhile and your back warms up nicely anyway.
Pantera:
The general cooling mod is documented on the Space City Panteras website. (I'm the 'website guy' for the club, so if you have any complaints or suggestions, let me know)
http://www.spacecitypanteras.com/Technical/Pantera_Cooling-JTaphorn.pdf
and
http://www.spacecitypanteras.com/Technical/pantera_coolant_flow.jpg
This describes a system with a mechanical pump, but an electric one could certainly be used.
The only thing I haven't done on the Pantera is the heater hose and pump. Haven't gotten around to that yet.
The only way I can get the car to even start to overheat is be in 100+ temperatures and stop and go traffic and forget to turn on the manual second fan on the radiator. Switch it on and the temperature drops immediately.
Bottom line? I'm happy with the setup on both cars and, like I said, plan to implement it on another Pantera, too.
Regards,
Kirby