maxandmicky,
You need to differentiate between an exhaust leak and running hot. I would do a quick test to see if you have a blown head gasket putting combustion chamber exhaust gasses into the coolant. Take the fan belt off... and fill the radiator to the top, start the engine and see if you're getting any bubbles at the radiator neck. Don't mistake rippling for bubbles. If not, that's a good sign. If it is blowing out bubbles and pushing the water out you have a probably head gasket issue. if no bubbles lower back down your coolant level and re-install belt. You may have a radiator issue
Exahaust leak
If you have an exhaust leak at the manifold to pipe, I would recommend when cool lowing the clamp and pipe. clean both mating surfaces well. Using a small floor jack with very little pressure ( just enough to get it there) use the jack under the pipe near the bend to put upward pressure on it so it meats the manifold flange. Take a small ballpen hammer and shape and peen the muffler flange to the manifold. Make sure the pipe is square on the mating flange. Sometimes the pipes need a little torque or movement to get it there. Once the flange is shaped to the manifold, you can then lower a little, use a sparingly amount of muffler cement between the two surfaces and using the jack put a light pressure on it back up while replacing the clamp.
tighten well and ensure alignment is good from the side and front.
You may also need to replace the manifold to block gasket and resurface the manifold if it is leaking there. Snug those bolts tight but not hulked 34 lbs is fine.
While you're at it check your carb to intake bolts to make sure they are tight as well.
All the above is all too common on them. Best of Luck!
Larry Shepard