hot coolant enters the top of the rad, then cools it a lot by the time it leaves the lower hose back to the engine.
sounds like the sensor is bad.
my car with a 195 t stat runs around 190 to 195 moving, as high as 210-212 left idling.
you also need to remember the t stat only opens for a short amount of time. once cooler coolant hits the t stat it shuts again.