A little more information:
The rising coolant issue predates the burst hose. When I say the coolant level is rising, I mean it is rising very slowly. The only way I know for sure that it is rising is that it seems like the overflow hose on the coolant reservoir spits a little coolant out periodically (I notice a small amount of coolant on the ground under the reservoir from time to time, typically when I stop the truck after driving a while), plus the issue of the green stuff in the reservoir.
I siphoned a little out of the reservoir tonight (hand pump, not mouth) and it did not smell at all like diesel, it just smelled like coolant. Also, what I pumped out looked like dirty red coolant, the green tint was barely visible.
The hose that burst (I say it burst, it leaked a LOT) was the one going to the air compressor and I never ran out of coolant, I just added as it leaked out until I got to a place where I could replace the hose. Dave, as you probably know, there is a sensor in the reservoir that shuts the engine down when the reservoir nears the empty point. Each time the reservoir got low I topped it off. Therefore, there may have been a part of the cooling system that had lower pressure because of the leak, but there was coolant moving through the system at all times. Dave, does this make the doomsday scenario you describe less likely?
When I switched over to the extended life coolant a few months back, there were a few drops of oil on the surface in the pan with the drained coolant. Probably less than a tablespoon total. I had recently had the oil cooler gasket replaced because it was leaking and I thought possibly this could have had something to do with the oil in the coolant, though it was a very small amount of oil.
It still sounds like the next step should be to have the coolant tested. If there is fuel in the coolant, what might it be other than the scenario Dave describes? If there is no fuel in the coolant, do you think I should just try a radiator flush and fill and see if the green tint goes away?
Dave, I will drain the reservoir into a bucket and see if anything floats to the top. I think I have a rabbit's foot somewhere I can hold while I am waiting.
What about my original idea about a leaking head gasket?