130 degrees plus or minus 10.
Once opened (suspended on a string, NOT TOUCHING the pan), have a SEPARATE pan of cool water you submerse it into. Thermostat should close at or before 10 seconds (fully). If it does not, IT IS BAD.
Your problem isn't that it's overheating... but we need to make sure it's not running COOL/COLD as that can result in a rich condition on one bank of cylinders.