With a properly functioning thermostat (& other components), the needle should sit dead-centered on the 50% mark as seen from a normal driving position. That should not change unless you are driving really hard on a hot day (hotter), or engine-braking downhill for extended distances (colder). If the needle is reading low all the time, and driving it hard increases the temperature, your thermostat is dying. They almost always fail in an open position, running the motor too cool.
There are different thermostats available for the M42. The correct one is an 88C one. The others are of no use (unless you live in the middle of a desert maybe).