Your coolant should be boiling at 220°, or very close to it. That would put the needle in the red zone at the top of the gauge. I kinda doubt its running THAT hot.
You could probably use a 180° stat and be OK, but any lower and the ECM might not ever come out of closed loop operation, thinking that the engine is too cold all the time. Closed loop advances the ignition timing (which is why it feels "peppier" below normal operating temp) and makes it run rich to warm up the engine, catalytic converters, and O2 sensors.