Just a wild guess, yes that would be very common....after they get about 60 years old
Your experience is a first for me with over seventy pre-WWII Fords.
That's bad...how do the heads look electrolysis wise? The reason I ask is because that water pump impellor is very eaten away too...Almost looks like you've been running an acidic mix.
Rusk, it might be worth sharing some info, if known.
Origin of hoses. Where bought from, make and how old.
Mart.
Coolant: What are you running? Water? Water/antifreeze(summer coolant). Water wetter? Odd non water stuff? (Evans)
Mart.
The impellorshould look like this if you expect the pump to move coolant
Water soluble oil in coolant?
Bruce