Assume your motor is a 2gm20F - the manual says 422 gal/hour @ 3600 rpm or 7 gal/min. Assuming a linear relationship

between revs and flow, you should be getting around 1.5 gal/min at idle (750 rpm). This checked out for me when I tested the system following an overheat after forgetting to open the cooling water seacock (I've since replaced the impellor)! To measure the flow I took the hose off between the vent loop and the exhaust bend and attached a 5/8" pvc line from the vent to my bucket, then ran the motor at idle.
My exhaust is under the water, and the note does change with and without cooling water but a flow switch in the cooling water inlet line is the best bet. I have yet to install mine but intend to use the spare alarm and light on my engine panel which is there for a sail drive leak, to alarm when there is no cooling water flow.