Thanks for all your prompt responses... I replaced the thermostat (the old one seemed to still be working - but a new one was only 10 bucks) and 'bleed' the system however the timing was way out and running real crappy - so that may have cause the initial overheating.
Its all tuned up now and running fine.. I'll have to take it for a drive tomorrow and see how the temp/oil pressure goes.
Thanks for your help... its great to be part of an active (and helpful) forum
Jules