JMO = Just My Opinion. sorry, they have an acronym for everything these days.... =P
mebbe its the trans cooler blocking airflow making a huge dead/hot spot in your radiator. or if you are using a radiator that has a trans cooler built in to it, the tranny is causing too much excess heat for the fan to keep up with it? perhaps an electric fan... or if its a trans cooler literally hooked to the rad mebbe its not getting enough airflow causing your tranny to run hot thereby heating your radiator...
the only other idea is perhaps a hi flow thermostat. i bought one just for fits n giggles and my 292 always ran too cold with it in. a $10 dollar part compared to fussing with trans cooling or rad fans etc...
as for the vapor lock, perhaps the heat flap is stuck open so your carburetor has constant full blast heat from the ehxaust.
and for my final thought... pretty sure a 292 came stock with a 2 core radiator. ive managed just fine with the 4 blade engine driven fan in pretty much all kinds of weather, but i dont have a tranny cooler.
what kinda radiator do you have? 2 core... 4 core? aluminum? copper?
my opinion and a coupla bucks will buy you a cup of coffee at dennys =P
and a pictures worth a thousand words