727 doesn't shift into second gear like it should

Anything else I should look at before I put the valvebody back in?
I also remembered to check the rear band lever and it has 3.7 stamped on it.

I'd look and see if it has the inner spring in the rear servo replaced with a spacer or stack of shims and if doesn't I'd do it. It's real easy to tell just by looking up into the rear servo and if you see 2 springs it is stock and should be modified. Even if your trans. used to shift good before the overhaul not having the rear servo mod may cause trouble now because everything is tighter and more prone to experience overlap. If you do see an inner spring you meed to remove the servo which is a little tricky but not impossible. I can send you the instructions on how to do it if you like. Just PM me your e-mail address and I'll send it to you.