A little trick for that overflow line.....
For a little last ditch emergency cooling, lengthen that dump hose long enough that it goes to the front of the radiator and dumps there. That way if you are overheating, the lost coolant from the overflow tank will at least have one last purpose of making the radiator have a little added efficiency from getting wetted. Don't do that if you are allergic to antifreeze.
You won't get a mess but you WILL smell any lost coolant. I have a fairly bad allergy to conventional antifreeze I discovered when a heater core blew, so I use the less efficient propylene glycol stuff like Sierra.
Oh, and make sure your main line from the radiator cap to the overflow is a good, new line of a large diameter and has no leaks (I'd use hose clamps on both ends). This is important so there is no vacuum leak as the radiator is sitting there cooling after driving and can pull the fluid back in to the radiator.
The same thing is true of the line inside the cap running to just off the botttom of the tank. It is also nice to have a screen on that.
The overflow tank on later vettes or better expansion tanks on earlier ones is CRITICAL to the vette's cooling system. I think it's the tilted radiator, but mine REALLY seems to like to play with a LOT of coolant during warmup and fills that bottle better than half of it's volume going from cold to hot and then pulling it back in when the system cools down. This fluid exchange is also a built in way to attack the vette's classic problem of getting air in the cooling system - the more it is used the more air is purged.