It might be worth checking the grounding of the gauge and the wiring? I had a very similar issue with my new to me 110, the needle on the gauge would go right up into the red looking like it was overheating, but actually the issue seemed to be the lack of earth to the gauge. Not sure how it would've been originally but definitely seemed to sort out my issue adding in a new earth wire to the bulkhead.
The sensors are basically thermistors, and the gauge reads the resistance compared to ground (no resistance). So if its reading higher than you expect there could be more resistance somewhere in the system, potentially due to a bad connection or something like that.
The sensors are basically thermistors, and the gauge reads the resistance compared to ground (no resistance). So if its reading higher than you expect there could be more resistance somewhere in the system, potentially due to a bad connection or something like that.