Are My New 727 Clutches, Bands, or Fluid Burning?

I don't think you have an issue. Type F has no detergent so it does not keep itself "clean" like Dexron. I've noticed it smells different after use in normal transmissions.

I agree. I doubt there’s an issue with burning clutches or bands, however his attention to detail is pretty great, and if instinct is saying “something is up” then sometimes it’s best to go with your instinct and check it out. Hopefully nothin is wrong and he can just put the fluid back in the trans and keep trucking along. But I like seeing someone this attentive and detailed.