I can't remember what was wrong with my 87 4Runner a few years back, but it was doing something similar. I can remember hearing like a waterfall type noise coming from my radiator. I can't remember if it was the same time I had a bad head gasket or not, but I remember fixing the head gasket, then put in a new radiator like a week later. The problem was fixed after that. I,m trying hard to remember because my truck is starting to make the same "waterfall" noise and my heater doesn't work anymore, I also go through coolant but not super fast... Maybe you just have a clogged radiator = bad radiator???