There are a couple of things i'm struggling to work out?
You said the head bolts didn't feel tight when you put them in? But if you torque them to the correct initial setting of 15Ftlb or 20Nm then that's all that's needed. Don't forget that a torque wrench is something like 18" long so 15Ftlb will feel loose to say the least
As you know the head bolts are really long stretch bolts so require angular tightening in stages after the initial "starter" torque is applied. In my experience the 2nd and 3rd stage are incorrect!! I feel that 180° then another 180° is to much to quick. I always apply the angular torque in 4 stages of 90° each. This gives a much more progressive increase in clamping load on the gasket. Before you blame your coolant loss on failed HG you need to make sure that every other option is covered first. It would be prudent to do a pressure leak down test to help pinpoint where the coolant is going. It could be as simple as a tiny pin hole at a hose joint. This could both account for the loss and the air if the hole is on the suction side of you ewp? The ewp it's self would cause water flow pressure peaks as the pump speed is'nt as progressive as the engine driven pump. If the pump suddenly spins up there will be a big reduction in pressure before the pump which could suck in are through a joint that is'nt 100% sealed. What i'm saying is check everything very carefully before pointing at the HG
If the HG has failed again then it's best to swap the engine as I did with my V6!! You never know the history of a second hand engine, especially if it's suffered a failure in the hands of a previous owner.
If you go down the engine swap route then why not do your turbo conversion at the same time by using a Rover 75 turbo unit