You know Hommer, sometimes "old school" works against you
First, we are not talking about race cars. What's done on a race car is not necessarily a good thing for a street car.
Second, this "myth" came from years ago when cars used low pressure radiator caps with upright-style radiators. At high RPM, the water pump pressure would overcome the radiator cap's rating and force coolant out, resulting in an overheated engine. This led many to believe that these situations were caused because the coolant was flowing through the radiator so quickly, that it did not have time to cool. Using restrictors or slowing water pump speed prevented the coolant from being forced out, and allowed the engine to run cooler. Cars built in the past thirty years use cross flow radiators (like the Mk III) that position the radiator cap on the low pressure (suction) side of the system. This type of system does not subject the radiator cap to pressure from the water pump, so it benefits from maximizing coolant flow, not restricting it.
Third, the cooling system is a closed loop. That means the coolant spends the same time in the motor as it does the radiator once the thermostat is open or all the time with no thermostat. Using a restrictor to keep the coolant in the radiator longer to allow it to cool will also allow it to stay in the engine longer, which increases coolant temperatures. Coolant in the engine will actually boil away from critical heat areas within the cooling system if not forced through the radiator at a sufficiently high velocity. This situation is a common cause of so-called "hot spots", which can lead to failures in the engine.
I'm an old dog too Hommer (older than you) and I promise the old saying is wrong...you can learn new tricks