As long as the coolant does not boil, it's not too hot. In most cases this should be somewhere around 265 with 50/50 coolant and a proper pressure cap.
Now you don't want to run that hot all day long, but up to the point of boiling the engine parts are transferring heat to the coolant evenly, and the parts are designed to run that hot without fear of damage.
A much more comfortable number is probably below 235, and running at that temp for a few hours is not going to hurt anything. As always use common sense. If your just running down the highway and it's 235, something is wrong. On the other hand, if your pulling 18,000 up a 6% grade at 30 mph in 110 degrees, it's probably going to get hot. Also remember that more speed generally helps as it increases air flow through the radiator. So if the temp is high but stable, keep it moving. Also a trans converter unlocked (1st or 2nd gear) adds even more heat to the cooling system. Try to get to a speed and gear that gets the converter locked.