440 overheats once and then it's happy all day

Buy yourself a 160 thermostat if it bothers you.

210-220 is not over heating on a vintage engine , especially if it doesn't stay there and comes back down when the thermostat opens.

the thermostat may well be opening when it reaches 180 degrees but the water near the sensor may be hotter.

I myself wouldn't worry and just run it as is

220 IS overheating ......on an old iron engine