Like Mike, I discovered that the pairing of a head to a water pump is unique to each pair. When I installed my old pump in a different head it bound. Took me a while to determine whether it was the shaft hitting the back of the head or an impeller hitting the opening around it. I painted the impeller and shaft with bright paint and refitted the pump. Spun it a few times by hand to see where the paint rubbed off and ground that area of the impeller down a bit.
You may have a binding impeller as I did, which made the pump bind and slip on the belt, or you may have a worn head with too much clearance between the head and the impeller blades, thus not moving as much water through the system. (I assume you carefully cleaned off the old gasket so you don't have two on there somehow.)
I can think of a number of ways to find the problem, as I'm sure you can, but I'd refit the old pump to see if the pump is the problem at all. Could be some rust was knocked loose when changing pumps and now the radiator is clogged. If you determine it's the new pump that is the problem you'll have to start making some measurements comparing impeller widths and the distance from the pump housing to the impeller. Could be the new impeller is not mounted on the shaft properly.
Hope you don't get frustrated, and enjoy tracking down these kinds of things. Kinda goes with owning 80-year-old cars.