If engine is running good, Then the intake manifold gaskets or most likely the source of the problem. That is common on 305-350 Vortec engines need to know what it is your working on, YEAR AND TYPE That would help the answer.
No, but your crankcase should be vented anyway. If your getting coolant in the crankcase it is getting in from a bad head gasket or cracked head or bad intake manifold gaskets. If you don't fix it soon your engine will be toast.
the mechanical seal on the water pump is out
A leak in a hose or the radiator itself. This should be obvious. Possibly a head gasket. If it is going out the exhaust, there should be white smoke, if it is going into the crankcase, the oil will look like chocolate milk.
It would be recommended otherwise you will end up with some coolant in the crankcase which you don't want.
A LOCA is a loss of coolant accident. A rupture in the main coolant system resulting in a major leak of that coolant is a loss of coolant accident, or LOCA.
A small amount of water can be condensation, however, if it smells like or contains anti-freeze, you have a major engine problem - possibly a cracked engine block which allows the coolant to seep into the crankcase. It could also be a blown "head gasket" which is a less serious problem, but still a large job to fix. This too could allow coolant to leak into the crankcase in some cars.
Look on the ground! Monitor the coolant reservoir.
Coolant loss out of what? Car, home air conditioner? Please add additional details in order to receive an answer.
Sounds like a head gasket issue, or worse, your head could be cracked. Check your exhaust - that's probably where your coolant is going.
It is possible that the gasket could leak between cylinders. The overheating and coolant loss would happen if the gasket was failing around the coolant passages.
That is a very COMMON PROBLEM WITH those engines. You need to replace the intake manifold gaskets to fix that problem.
Bad head gasket or cracked head. If you continue to drive it you will cause serious damage to internal engine parts.