The 135/150 motors will run about 145-150 at idle and 130-140 at cruise in 60 deg water.
One typical mistake is to leave the slinger washer off. This is the one that looks like a garden hose washer and slides over the drive shaft ending up on top of the water pump housing. If you don't put it on, water floods the mid.
Another problem is with correctly seating the stainless steel tub in the water pump housing. There is a tang that fits in the indent and if it is not aligned, you'll loose volume and thus cooling even though pressure looks good.
A misaligned water tube will cause you problems, as well as a replaced tube that is just a little bit longer and jambed into the pump.
Believe it or not, that tube could fall completely out and you would still have water pressure but experience overheating problems.
I've probably fixed 10 of these types of problems this year alone. All caused by first time pump rebuilders that were too frustrated to go back and do it again. I make them watch me do it as a condition of free labor because I hate doing it too!