If you hang around this forum very long you will notice that replacing the impeller should be one of the first things you do when bringing an old motor back. It’s cheap insurance against some very serious damage.
So; if you have not already done so…..I would suggest that you replace the impeller and have a look at the other parts of the water pump assembly. Sometimes you will find impeller blades broken or about to break. If that happens and those rubber bits get stuck in the cooling passages it can be quiet a task to clear them out.
If you need help feel free to ask. It’s a simple job and the parts are available and quite inexpensive.