FJ60/FJ62's came with green coolant. The first time I encountered the Toyota Red coolant was the FZJ80.
Both green/red coolant is ok provided you change the coolant on a regular basis. Coolant will go bad. Ok wait...Glycol and water will last forever. Today's coolant contains sacrificial rust/corrosion inhibitors. They coat the radiator and passages with a protective coating. Since rust and Corrosion never sleep... at some point the coolant's ability to protect the internals wears out. 2-5 years usually. This becomes more evident when the coolant changes color. With bad coolant, the nasty's start to develop inside the cooling system, this in turn will clog the radiator and tiny passages raising the engine temps. This is when the flushing starts.
The Toyota cooling fan clutch has 2 features. One: viscous fluid. The fluid is what spins the fan. Direct spinning fans are very noisy, eat horse power, and are not necessary when traveling 60mph; so they are designed to slip. Two: There is a spiral thermostat wire in the front center of the clutch fan facing the radiator. The spiral wire changes shape from the hot air coming off the radiator physically reducing the amount of fan slip. When the engine starts to cool ( air through the radiator) the spiral thermostat wire releases the fan back to a slipping state. When a clutch fan goes bad, fluid leak, bad clutch it will spin freely (slip). Conversely, the fan clutch my lock up,, producing a very loud wind noise. Either condition is not good. The FSM has a temperature test for the fan clutch. All of this is balanced with the engine thermostat and radiator cap. A 190 degree engine thermostat will keep you engine around the 200-210 degree point. Assuming the engine is ok.
The cooling system needs a certain amount of pressure to prevent boil over. Each 1lb of pressure (CAP rating) adds about 12 degrees to the boil over point. This along with the radiator, good coolant and thermostat keeps the engine happy. The cap releases heat pressure (and coolant) into the overflow. When the pressure drops, the fluid will return back into the radiator. This is why the coolant overflow has a cold level and a hot level.
A weak engine (worn) will run hot, because it needs to work harder to move the rig. Putting more demand on the cooling system (runs hotter). A weak head gasket allows cooling pressure to escape into the cylinders, engine, or into the engine bay. Anti freeze into the cylinders will go out the exhaust (killing your converter in the process). A slightly weak head gasket will stop leaking when the engine is cool.
Knowing all the contributors to over temp conditions keeps you from shot gunning parts at your rig.
Checks:
1. Engine Compression test
2. Coolant system pressure check
3. Engine gases in the coolant (chemical test)
4. Fan clutch (engage disengage)
5. healthy cooling system (good flowing radiator, thermostat, radiator cap, good fluid, no leaks)
6. Water pump (no seeping from the weep hole, pump shaft tight)
7. Bad coolant, could/would equal blocked passages (this is when the repair shop opens the radiator and pushes a rod through the exposed passages to clear the blockage)
FYI:
A high mileage cooling system has components that wore out together. Add a new thermostat, or radiator, or radiator cap. The internal coolant pressure can change (back to stock levels). Forcing a head gasket leak, water pump leak, heater core leak, hose to leak, or a radiator leak.