Jordan, The (captive)spring on the guide pin in the valve housing is there to return the valve piston upward to the open position when the thermo cools off and the thermo pin recedes. The next time the engine coolant heats up, the thermo pins pushes down on the valve piston, which pushes down on the spring/guide pin, which pushes down on the lever inside the FIP. Cool down starts the cycle again. If the valve freezes open, you can NEVER get proper idle adjustment because there is too much air going thru the valve and there is too much fuel from the FIP remaining in the rich mode of the lever.
That's why the early 220SE 2 plunger pumps and 230SL WRDs had the On/Off knob on the side of the WRD. The knob just locked the valve piston in the down position and pushed the FIP lever to the hot coolant/no fuel enrichment position. Probably better solution in a warmer/South area than in Canada or the Schwartzwald.