When does it do this - hot or cold. It is extremly rare for head gaskets to cause this on 426's . This is the check, after sitting overnite, crack the oil pan drain bolt and let it drip - if there is antifreeze it could be electrolysis or a cracked sleeve rather than a head gasket. If no antifreeze is found run tractor till thermostats open - 180 degrees - with rad cap off. Notice the coolant. IF there are bubbles and 'burping' it could be the head - it could be electrolysis or a cracked sleeve - refer back to the precrank check. IF there are no bubbles there is the possiblity one of the thremostats could be stuck or the bypass hose kinked or blocked. Does it run hot - it should never run much more than 190 degrees. To check the water pump -while wearing eye protection - have someone nail the throttle from idle to wide open. The coolant should lower 2-4" then gradually come up. If it does not move check rad for internal plugging - belt slippage, or a bad water pump. IF the water lowers - you have an externally plugged radiator - remove the coolers and radiator shroud and clean it completely. IF water shoots out or foams - you have a head gasket problem more than likely. Before teardown pressureize the radiator with a test kit and drain the oil and check for water in the pan to rule out sleeve problems.