...pressure from the pump is pressure..does not matter if the temperature is 170 or not to any great degree. I would wonder if the hose is soft.
I would also be concerned about a 13# cap being blown open if this is a vertical flow radiator with the cap exposed to high pressure if the hose is not the problem and the pressure is really that high. If this is a horizontal flow radiator which it sounds like because you say you can see the water circulating, then the cap is on the low pressure side. If the radiator has small tubes, the radiator might have too much restriction in the case of a vertical unit.
You might also pressure test the system to see if it holds to make sure a leaky headgasket is not pressurizing the cooling system. I would think it would be overheating if that is the case when driving the car.
I would vet the hose first, tho