I think that we're talking about two different things here, and possibly two different categories.
By-pass porting -vs- the air bleed hole in the thermostat flange..... and Raw Water Cooling -vs- a Closed Cooling System.
The by-pass porting is required for some Marine Engines.
The hole in the thermostat flange is for purging air, and it can be rather small.
At the 8:00 O'clock position on the flange of this thermostat, you'll see a tiny brass piece crimped into this air bleed hole.
This hole allows air to escape until the sea water coolant contacts the sensor.
Once coolant makes contact with the sensor, there's really no need for any by-pass porting..... but again, many are set up with the by-pass porting.
I would agree that the auto engine heater core will keep coolant flowing while the engine temp is coming up.... but only if the heater core coolant valve is open.
(no valve shown here)