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Air in the top of the radiator is fine it will self bleed, you should remove the radiator cap and check now and again.....Ive seen more than once the res was at right level and the radiator was bone dry...Should never be taking the cap off to check coolant level in a system that needs bleeding, you are introducing an air lock into the system, hausing hi temp conditions.
There is a hi/low indicator on the reservoir...
Air in the top of the radiator is fine it will self bleed, you should remove the radiator cap and check now and again.....Ive seen more than once the res was at right level and the radiator was bone dry...
As the coolant heats up some of it will flow into the reservoir and as it cools down again that coolant gets sucked back out of the reservoir. Normally a new radiator cap fixes your issue but since you have replaced that, I don't really know. Maybe a hole in the overflow hose.