Thanks for answering my questions particularly about the no change in steering response. I was concerned that your steering rack might have been going bad.
Since the ps fluid hasn't been changed since you bought the Vett and the previous reservoir level was more or less at the "cold" mark, I would check out the feeder hose from the reservoir to the ps pump to see if it's kinked or pinched thereby preventing the return flow in the reservoir from feeding the pump rapidly enough to keep from overflowing. (The 15 mile run w/overflowing shouldn't be enough time to expand all the fluid in the system, and since the last run caused ps fluid reservoir to puke out fluid, you shouldn't have a cold ps fluid measurement above the "cold" mark.)
If the feeder hose is okay, then check the condition of the ps fluid. Some time in the past someone may have topped off the ps reservoir with ATF. In my experience with the C4 models, even original fill ps fluid doesn't sludge up even after 100K miles, but it does pick up material from the interior surface of the hose lines as they age. The ps fluid should be clear with a slight brownish tinge (from the rubber hose material picked up over time).
Now would be a good time to change out the ps fluid for a fresh refill. The turkey baster method works well (for just the reservoir) in conjunction with disconnecting the ps hoses to and from the pump and steering rack. Your hoses shouldn't need replacement; however, be sure to check out their external and internal condition. (If someone in the past used the wrong fluid in the ps system, the internal surfaces of the hose(s) could be swollen limiting passage of the fluid.)
After changing out the fluid, you'll need to bleed the ps system. Elevate the front end with floor jacks such that the front wheels are free and clear. Start the engine, and then slowly rotate the wheels from lock-to-lock 2-3 times. Then cut off the engine and check the ps reservoir. A frothy mixture of fluid and air indicates that air has been pumped out of the system. Allow the mixture to stand for about 3 minutes, and then repeat the same procedure again. Keep doing this until no more air is present in the system (as evidenced by a frothy mixture in the ps reservoir).
After the air is purged from the system and the Vett is on level ground, add enough ps fluid to the reservoir to come up to the "cold" mark. Check the ps fluid when it's cold the next coupe of days to make sure that the fluid level remains at the "cold" mark, and you should be good to go.
Good luck!
