+1 to above
You have an Overflow type cooling system and its pretty simple if its working
Radiator cap has two valves in it, the larger one, and then a smaller one in the center
All fluids expanded when heated
So as the engine warms up the coolant, it expands in volume, and this increases the pressure in the cooling system
Rad cap's larger valve is usually rated at 14psi, so at 15psi it spring is pushed up and warm coolant is allowed to flow out the overflow hose and to the BOTTOM of the Overflow tank, the bottom part is important
When pressure is under 14psi valve closes, but can open again if pressure goes up more
IF...........there was any air at the top of the radiator on warm up then when rad cap's valve opens the AIR will go out first, to the BOTTOM of the overflow tank, where it would bubble up to the top and its gone, overflow tank is not seal, its vented
So the overflow system is self purging of air
When engine is shut off it start to cool off, and the expanded coolant starts to shrink in volume
As it does the pressure drops down until its 0psi, now if ANY coolant or AIR was sent over to the overflow tank then pressure in radiator goes to -1psi, this pulls open the rad cap's smaller valve and sucks back in coolant from the BOTTOM of the overflow tank
So on any vehicle with an Overflow system when you remove rad cap on cold engine it should be FULL to the top, no air at all
If its not then there is a problem
As said the overflow hose can have a crack, which will leak hot coolant which evaporates very fast, and will suck in AIR instead of coolant as engine cools down
Any warm engine or radiator parts will cause hot coolant to evaporate instead of drip to the ground, so no sign of a leak, and that leak will also allow AIR to be sucked in on cool down, instead of coolant from overflow tank
There are a few test you can do to test for cracked head/head gasket issues
Easiest is to remove rad cap on COLD engine, top up rad if its low, Start engine
Watch rad cap opening
It takes 1 or 2 min for coolant to get warm enough to start expanding
So coolant should NOT start to overflow from rad cap opening for a few minutes of idling
If it starts to overflow before 2min then bummer, yes, cracked head or bad head gasket
For leaks and to test head gasket, rent a cooling system pressure tester, $10-$15 or free from some auto parts stores
It a solid rad cap with a pressure gauge and a hand pump attached
Install rad cap on cold engine
Pump up pressure to 20psi and wait and watch the gauge
If its dropping then start looking for the cold coolant dripping out, can't evaporate this time, lol
head gasket
With pressure gauge still hooked up disconnect coil wire from distributor cap or coil(or unplug coil pack on newer engines), you want a No Start
Have pressure at say 10psi
Crank the engine and watch the gauge, you will see it pulse up if there is a cracked head or blown head gasket
You can even find out which cylinder has the leak
Remove 1 spark plug at a time and crank engine again
When the pulsing stops, that last spark plug removed was from the leaking cylinder, put it back in just to be sure
Google: ford 2.9l rebuild how-to
Lots of advice and spec out there