The manual for the P15 says to not fill the radiator any more than an inch or so of the top so coolant won't slosh out the vent during a hard turn. So it looks like a non-pressure cap and a vent hose connected to the neck would give us a non-pressure system like the original.
Thanks for the feedback, I'll keep this in mind if I need to replace the original radiator at some point. I like the non-pressure system because it doesn't put any stress on fittings, hoses, heater core, etc.
By the way, Scott, the Plymouth runs with just a subdued hum now with the fresh exhaust gaskets! Fuel pump is almost as loud as the engine.