No sir. On the OP's engine the telltale comes from the thermostats, so when they're closed, there may be no telltale at all or just some spitting. Once the stats open the telltale will be present and scalding hot. As Joe said, the Optimax telltale comes from the compressor, is present whenever engine is running regardless whether stats are open or closed, and will almost always be close to surface water temp since it is only routed through the compressor not the rest of the engine.
Be careful making assumptions how one engine works applies to all - carb'd, EFI, and Optimax are all different from one another in many, many ways. I've been there and speak from the experience of my own ignorance.