Mine is a 3.9 & the saver stat is in the rad outlet hose not in an inline fitting.
Imho, in your case, the bleed screw should be on the top so any trapped air can escape.
I posted (with images), an inverted bottle setup which screws into the top rad. hole where you can see the air bubbles & 'gulps' come out & it is suprising just how much gets trapped.

