Sorry for the delayed response but I finally got some more time to test and examine the engine and im near 99% positive I have a blown headgasket. After sitting for a few days while I was busy the engine has become hydrolocked and I had to remove the spark plugs to drain the cylinders, however; only the number 2 cylinder was filled. The others seemed relatively fine but I couldn't be 100% sure because only the number 2 physically glugged out coolant once i got the spark plug out. The other plugs just seemed to have gas on them when subjected to the high tech smell test. But gasoline has a tendency to overpower the smell of coolant so the seal may be seeping for those cylinders as well.
In any case if I'm going to replace the headgasket I will be able to check the seals across all cylinders once I get her opened up fully.
Before I go through all that trouble I was hoping to get some insight as to any other possibilities that may cause hydrolocking.
Thanks to everyone who's responded so far, I've been testing theories one by one as I read down the list but I thought this new hydrolocking issue should be brought to your attention as it really narrows down the list of possible issues.