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Absolutely- do the pressure test.
See if you can find a used engine with verifiable mileage. That's often less expensive and easier than doing a head gasket. You've probably overheated it about ten times since you're stupid, anyway, and why do a head gasket on an engine that you can't trust now (even if it passes pressure testing)
If you can get your hands on a used one, then go ahead and try the magical fixes once you're sure you have an engine waiting to go into it.
Also- some vehicles, especially GM with two different metals, they call for tabs. Without them, shit like this happens even when nothing is fucked up. See if your pos calls for that shit.
How much coolant are you losing through the exhaust? Are you sure it's coolant? I mean, you are pretty stupid, it could be water which could be from condensation and shit ... Are you seeing any white smoke or just liquid?
Believe it or not, smell the coolant- if you smell exhaust gasses, it's pretty certain you need a head gasket. Look it at the oil- if it looks milky or weird or watery, there's another good sign
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