Update: Tranny is still running great. Still surprises me every day I drive it. I have to watch the shift into second because it doesn't just 'chirp' anymore, it spins. I ended up off the side of the road in a slight turn when the back end spun out, facing the other direction. I just started to laugh, I love it.
The Mag-Hytec makes it real easy to check the fluids and metal particles. Takes less than a minute to remove and check with the installed magnetic 'dip-stick'. I'm going to put them on my hemi too. I highly recommend the trans and diff pans.
The Torque Converter really gives me the understanding of a Torque multiplier. I know many of you already understand this but I am born-again.
here's an article from Trukin magazine:
http://www.truckinweb.com/brandpages/ford/0102tr_drag_racing_traction_tips/
"What many car enthusiasts don't know, or simply overlook, is that you can get more performance out of the power you already have. Power (more accurately, torque) is never delivered directly from the flywheel to the pavement without first being multiplied by gear ratios in the transmission and the differential. The math is pretty simple: A car with a 4.0:1:1 gear ratio puts 33 percent more torque to the wheels than a car with a 3.0:1 gear ratio with no increase in engine torque. However, changing gear ratios is another one of those compromises. Drive-ability is adversely affected because the engine revs higher at all speeds, uses more fuel and wears itself out faster. Bottom line: Gears will help your car accelerate quicker, you'll just hate the added rpm if you drive your vehicle any distance.
Meet the Torque Multiplier
If your car has an automatic transmission, it has an additional torque multiplier above and beyond the trans and the differential gears. It's called the torque converter because it is a fluid coupling that disengages the engine from the transmission at idle so you can pull to a stop or shift gears without stalling the engine. The torque converter is actually a misnomer -- it should be called the torque multiplier because it doesn't simply provide a one-to-one connection to the transmission like a clutch does with a manual transmission.
A torque converter will multiply engine torque on takeoff. This torque multiplication factor remains in effect until the vehicle speed catches up with engine speed. A purpose-built high-performance torque converter can multiply torque even more, as much as 2-1/2 times. OEM torque converters can vary greatly in the amount of torque multiplication and stall speed. Replacing your stock torque converter with a high-performance torque converter can decrease quarter-mile times by 0.4 to 0.6 seconds with no other changes. Installing a high-performance torque converter should be the first step in any performance upgrade program.
Torque multiplication is just one important parameter for selecting a torque converter. Stall speed, the speed at which the converter slips under full-throttle, full-load operation is important as well. Early race/street-type converters built a few years ago focused solely on stall speed. As long as the converter slipped enough to get the engine into the torque peak, it was considered a success -- not very efficient, but it worked. Today's new trucks have efficient torque converters, but lack the necessary stall speeds for optimum performance."
The article also did a test on an L where the torque converter alone dropped .47 sec on its 1/4 mile time.