Yes an air lock would stop the fluid going around the system which would lead to the coolant in the rad overheating
long shot - you said it was over heating but still boiling over, could it a defective rad cap, do you have another one you could try?
After watching the walk around vid I found some more links etc on the web.
Subaru have not given any details about what is under the skin of this machine but given what Prodrive and Cosworth have achieved in the past I'm sure there will be room for a little tweaking.
My only initial reservation, which I could probably get over - is it too much like a BMW 3 series from the side??
Stand to be corrected but I believe your car may already have a recirc valve as standard.
here is a Blitz unit sound and link - on an STI but you get the impression
http://www.blitz-uk.co.uk/ProductItem-2805.aspx
here is a Bailey version fitted to your car
you have Bailey Blitz HKS & Forge at this link - but these are predominantly sold for imprezas now as your lump - I believe - is an EJ20 with twin turbo setup that shouldn't be an issue but I would check.
http://www.scoobyworld.co.uk/catalog/index.php?cPath=47_61
As you are running 300+ BHP go for a piston type valve as a diaphragm type wont take the boost you are probably running
Excellent - glad you caught it before something warped
Good that your mechanic will be flushing also to ensure no airlocks which can also stop the flow
Wotcha and welcome
All friendly on here so feel free to ask questions, post photos and join in with the banter. We have a a few members with classic shape models so plenty of input should any be needed
It could be the thermostat in the coolant loop is defective so the coolant is not flowing around the engine,heat is being transferred through the block to the radiator and the liquid is then boiling forcing the cap to release the pressure. What I would advise is taking it very easy with the car until this is resolved as you could end up damaging the engine
This is what one looks like - don't cost a huge amount of money but if they don't work your coolant doesn't flow
http://www.ebay.co.uk/itm/Thermostat-for-Subaru-Impreza-92-11-/380608029856?pt=UK_CarsParts_Vehicles_CarParts_SM&fits=Car+Make%3ASubaru|Model%3AImpreza&hash=item589e01a4a0
number of options and price differences
ebay route could get you something like this which will certainly give you the noise level you are looking for - check your mounting though as these can come in 2.5 or 3 inch mounting flanges
http://www.ebay.co.uk/itm/Subaru-Impreza-Turbo-WRX-STI-00-07-Cobra-Sports-Exhaust-SB01-/130591871996?pt=UK_CarsParts_Vehicles_CarParts_SM&hash=item1e67e1d3fc
or if you want to spend a little more have a look at what these chaps offer - top drawer are HKS and Millteck offerings
http://www.scoobyparts.com/acatalog/TORNADO_REAR_SILENCER_N_A_.html - which comes with a baffle and lifetime guarantee
http://www.scoobyworld.co.uk/catalog/index.php?cPath=24_156
http://www.just-subaru.com/exhausts-hawk-eye-79037-0.html
Wotcha and welcome Craig
sounds like you have something that could provide real returns with a little TLC - get a project thread going and we can all follow, lend support etc