You wouldn't truly know the temp of each individual bank, only that if the temp guage is working correctly that it's showing it's not running too hot and around the correct temp, you can put a temp thermometer in the radiator to get an accurate temperature reading, but again it would be basically a combined temp.
The only true way to get a temp bank individaually would be to install a mechanical temp guage for each bank the gauge would acctually show you the temp in degrees. I am not sure of the accuracy of these new digital/laser temp guns, and that possibly they would give you the reading for each bank by taking them seperately.
I am not possitive of all flatheads, but I believe a correct temp is around 180 dg.