Rightio, took the ute for a bit of a spin yesterday with the temperature gun and found some interesting things. I'll reply to them as you asked them in the original post.
Yes, radiator was far too hot to touch, registered at about 85°c, along with top radiator hose. if the bottom hose is cool than it suggest that the radiator is doing it's job.
Yes, The rocket covers on these engines seem to be cast, rather than moulded, therefore they are a nice big chunk of metal that absorbs engine heat. Mine was running at 85°c, same as the radiator.
Intake and injection components were running at about 65°c and exhaust side (covered) was averaging about 130°c.
I originally thought that your hot bonnet was a bit unusual, but then I realised that the bonnets on these things have no insulation underneath. To my surprise, the bloody thing in the centre directly above the engine was about 45°c wheras the outside edges were about 28°c. So interestingly, the bonnet does seem to get very warm (but still able to touch) during normal operation.
I hope this answers some of the questions you had. don't give up on her just yet, she may pose some scary situations but everything should turn out all smiles in the end.

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