Got everything all sorted out with the engine overheating issue on Friday evening. I drained the coolant, then replaced the thermostat and engine coolant temperature (ECT) sensor with brand new Mazda OEM parts. Refilled with the recommended 55/45 Mazda OEM coolant. Mileage on the car is almost at 139k kms.
Something to note - the turbo intake clamp was loose. When removing the turbo intake pipe to gain access to the thermostat, I was able to simply pull the pipe towards the fender to remove it. I did not have any performance issues before this, it's just something to note. The pipe is...