Lovely. One notorious result of that was a burst pipe. The pipe was plastic, which only just copes with the "fault" temp and pressure in a sealed heating system. If the water leaving the boiler is too hot, pop. The manufacturer's get-out is that the British Standard on CH systems quotes a minimum flow rate (hence the need for a bypass valve). If the return is within 11C of the flow, then nothing bad happens. In theory.
But in the real world with stats drifting, getting gunged up, pumps slowing etc, it can be a problem. There's a difference between the people who look at something which says it's OK for heating and just use it, and the ones who ask lots of questions and come up with an engineering judgement.
The overheat stat won't be a thermocouple by the way, it's probably a bimetallic strip in a little round black plastic thing. It may well "interrupt" the gas valve's thermocouple, which puts the gas off.