Trail Tech (trailtech.net) makes a product to bypass the thermostat on bikes equipped with them. It is an engineered solution and not only replaces it but adds cooling fins and a temp sending unit. This can then be hooked to a dedicated and inexpensive temp gauge they offer or will interface with any of their computers. Replace the thermostat, get better flow, release more heat via the finned aluminum body and know what temp your bike is running.
I like the unit/idea Kelly, but too much going on behind that radiator, rather mount a cooling fan which l see that bike didn't come out with on...interesting in the bend and diameter of that stock KTM 350 header pipe though??
Actually its really clean and less going on than with the stock plastic thermostat unit. That's a TrailTech fan kit with settable temp and temp gauge. That and the thermostat bypass make these bikes run way cooler and not piss their coolant out at every slow technical section. - Stock headpipe.