I stand by everything I've said already, evidence on the 3 bleeding vids on youtube re rising/falling levels -
http://www.youtube.com/watch?v=jRAKOSxgbKo
There are no other valve's etc in the cooling system (what hole in what diaphragm?), but there may be a blockage/obstruction in matrixes or rad as these are very fine waterways. Freezing/thawing maybe coulda distorted sumat, or dislodged some crud that's now causing a blockage? maybe clutching at straws, but it doesn't take much to upset the system, & it sounds like sumats wrong, or there's sumat you're missing/not telling us?
I suggested a pressure test to make sure the system is tight, if it's boiling over it COULD be air getting in, eg water pump seals maybe? have you checked the telltales?
When you have bled previously & you reached a point where bubbles have come out, this is where the stat opens, so no, this wouldn't happen if the stat was stuck open or closed (did you check it opens properly at 82-85c in a pan?).
There are loads of threads with the cooling system -
http://www.igmaynard.co.uk/bongo/forum/ ... =3&t=35902 -
http://www.igmaynard.co.uk/bongo/forum/ ... =3&t=36433 for starters (these may also help you understand what's happening with the bleed pipe levels/ pressures within the system relative to the stat position, it's not as simple as outlet & inlet pressure as it's an interconnected looped system) , there's also a factsheet. If you can't be bothered wading through that lot, worth giving Widdowson2008 a shout, I'm sure he'll furnish you with the necessary.
You can't polish a turd - but you can roll it in glitter.