It should begin rising as soon as minimal registering temp is reached and climb to just above 'normal' (for your stat's degree setting) then drop to 'normal' as the stat begins to open to allow coolant flow - but it shouldn't be taking 5-10 minutes to drop to normal after stat opens. I have an Autometer mechanical water temp in my 67 El Camino and mine only takes a few seconds after the stat begins to open (180 in my case) for the temp to drop back to 180. If I happen to be in the middle of traffic at the time and air flow is reduced, it may stay at 200 or so until there's enough air flow to bring it back down.