Hi Joe,
Ford addressed this "water loss through overflow tube "issue in his April 1930 service bulletins, Bulletin page 450, (yellow book page 199).
He indicated a diagram of a new lightgage brass sheet metal baffle, (shaped similar to a rain gutter on the edge of a roof), to be inserted into the radiator filler opening without removing the radiator. A hole in the baffle was provided to fit around the overflow tube.
If your are a handyman, try first making a pattern with a manila folder.
After making 1 of several patterns that "fits", transfer this trial pattern no. 5 or 6 to sheet metal, cut it out, & fit it in.