bypass hose and thermostat

RedFish said

Drill at least 1 small hole in the t'stat flange to create a bypass right there.
I would drill 3 of 1/8 holes.

Click to expand...

http://www.summitracing.com/parts/emp-300

Would the above thermostat take car of my concerns. It appears to have those three holes already in place and would need to just be installed.