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

I wanted to report back with an update. I pulled the pan and find no signs of clutch fibers on the bottom/sides of the pan or on the filter. Everything looks clean. I'm still not sure what to think since the fluid, filter, and pan are clean and the transmission functions properly, yet there's the smell of clutch in the fluid. Based off the feedback from @71Demon528 and @RustyRatRod, I'm leaning toward nothing being wrong and the Type F fluid just smelling different than what I'm used to.

I'm planning on pulling the engine and transmission this coming winter to prep and paint the engine bay. If I start having issues with the transmission or if I lose sleep over the smell by that time, I'll pull out the clutch assemblies and inspect the frictions/steels/bands/retainers for signs of abnormal heat/wear.

Thanks for the input.