Thanks for the help locating the freeze plug behind the bell housing. I dropped the transmission and replaced the freeze plug. Everything went back together properly and the leak has stopped. I obviously had to dump all of the coolant and refill it to get the new plug in.
I ran it around the block and everything seemed fine. It got up to temp, the thermostat opened, and I saw the gauge on the dash drop. I was happy until I got back to the garage and smelled coolant that had boiled out of the radiator. I also noticed that the electric Taurus fan never kicked on...even while the liquid in the radiator was boiling out.
The first thing I could think of was to test the thermostat that goes through the radiator fins to control the electric fan circuit. I put a lighter under it and it eventually kicked on...but I don't know at what temperature and I can't think of a way to measure the temp this thermostat kicks on. Any ideas there? Also, are there any other possibilities I am overlooking? If the cooling system was air locked the thermo in the water pump wouldn't be able to pull liquid out of the radiator to make the gauge in the dashboard drop, right?
Anyhow, thanks for the help with the freeze plugs. And thanks in advance for your help here!