The "water flows too fast through the radiator to give up heat" statement is an myth. The thermostat acts as a variable restrictor to flow and since there is a pump on the other end of the block, the pressure in the block rises. (This isn't a small increase in pressure either). This increase in pressure prevents the formation of small, localized steam pockets. Removing the thermostat removes the restriction and doesn't allow the pressure in the engine to rise enough to prevent the formation of the steam pockets. Any place where there is a small little steam pocket, there is very little transfer of heat. The metal reaches a higher and higher temperature and in the areas where there is transfer, the coolant raised to much higher temperatures. The effect cascades. A fast flow will scrub off steam bubbles as they appear in the hottest parts of the engine before they have a chance to congregate into an impenetrable steam pocket.
Localized heating may also cause detonation in gas engines, which in itself can also quickly cause overheating.
Years ago a company that specialized in making water pumps for racers did some tests to optimize their pumps for the application and they built their own test systems to accurately measure exactly what was happening rather than rely on the beliefs of others. They measured the flow rates, pressures in various parts of an engine and the temperatures involved plus a few other things. Quite involved. One thing that I remember very well is their finding that you could not flow the coolant through the radiator too fast! Too slow, yes, too fast, no! A slow flow allows laminar flow to occur which means the outside of the coolant flowing through a tube remains in contact with the tube and the inner center portion doesn't. That means the inner portion does not give up heat as well since it is insulated by the outer portion of coolant. A faster flow induces turbulence which means all the coolant directly touches the radiator tube and therefore more heat is transferred.
As a wise man once said..."Don't believe everything you know."