I need to relocate my overflow tank. My impression is that the tank is above the radiator so that the fluid can ebb & flow as you mentioned as pressure/vacuum with no air in line. To put it under the seat would leave air in the line to the radiator because it is not a sealed system. The tank has a rubber cap, not a seal. If the tank is lower than the radiator, coolant in the line would flow to the tank leaving air in the line preventing the return of the tank coolant. If I'm wrong, I'd like to better understand.