Sen-dure
remote heat exchanger like a 3T-12-2P and a
electric water pump https://www.summitracing.com/parts/fss-89026?rrec=true (just an example) is about all you need. There was a Factory kit that used a double sided Johnson
pump but they proved not great and are now like hen's teeth to find. You need to know that when the thermostat opens the
cooling flow in the block changes direction and that you need a two stage thermostat (the kind with a flat disc on the bottom if you have the later MD2 manifold. If you are going to have a hot water
heater you need to put a 3mm-ish restrictor on one of the two hoses to the
heater. If not you'll overheat the middle of the engine. I have seen this a lot on MD Volvos with "overheating" issues.
My $.02 is Volvo makes good stuff but the MD engine is usually misunderstood and gained an unearned bad reputation, mainly by ignorance of how the cooling system works. I have had zero issues with my MD2 over the 26 years I've had it. Simple to fix. But parts are very expensive and getting hard to come by. But then Volvos don't have the rear seal automatic oiling feature enjoyed by most
Perkins owners.