I think your gage might not well calibrated, that does not mean there is anything wrong with it. if I were overly concerned, then would do the following;
1-remove the sender unit,
2- Rig up a propane burner, a pot of cold water and start heating the water adjacent to the tractor.
3-I'd stick a reliable thermometer in the water and start observing. Candy making thermometers are quite accurate and they go to more than water's boiling point.
4- I'd keep the tractor temp sens leads on the sending device and by help of an assistant partially submerge the sending device in to hot water.
5- I keep the ignition switch on to activate the circuit. Obviously, you do not want to start the tractor

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Then I compare and contrast to see what your gage is telling, if water is around 180 and you are way below then I say your gage need calibration. I put a witness mark on the glass for 180 and then continue to raise the temp in the pot to 212 (boiling point at the sea level) to see where my gage goes. I put witness mark in there for red. I might decide then to either live with it knowing what's going on or change the temp gage. There is slight outside chance that the sending unit might be faulty as well.
JC,
I do all that only if , I'm in a good mood and have couple of hrs to kill