Good question. I don't like the angle on the 45 degree water pump neck either.
I don't know if a thermostat housing would work on the water pump, might not have enough clearance. The hose size there is 1" not 1-1/4 also but I'm sure you could get a different size NPT nylon fitting from RH
As far as thermostat housings go, Renegade now ships this sexy number:
Price of admission is not cheap, it costs somewhere around $100 ... but hey, it is billet aluminum. I think Scott sells the 1" nylon fittings for $5 each, you'll have to call him to see if he has the 1-1/4".
Now that I think about it, I don't think using that setup would clear the motor mount even at 90 degrees. Have you measured the narrowest part and the height of the thermostat housing?
You could try using a CSI swivel water neck at the water pump, check summit.
-datapace