If the system lost a LOT of coolant, the leak is more likely to be lower down vertically. If the leak is near the top of the system, you can usually see the white residue from the leak point. This is another reason to use the G-05 coolant, it leaves a nice white trail to help you find leaks.
Related anecdote: My buddy's E420 has been slowly losing coolant (like, a pint every few months) and the pressure tester located the leak... it was the radiator itself, between the core and the side tank, the seal was leaking. It was very slight and only happened under 10-15psi which makes sense, in his case.

Related anecdote: My buddy's E420 has been slowly losing coolant (like, a pint every few months) and the pressure tester located the leak... it was the radiator itself, between the core and the side tank, the seal was leaking. It was very slight and only happened under 10-15psi which makes sense, in his case.
