I think my 727 is fried. Now I'm at a crossroads...

Thanks. Valve bodies intimidate me a little, just due to all the tiny parts and me being ignorant as to the whats and hows of everything. He was the guy who rebuilt my clutch packs and I was quite happy with him, so I might just have him look the valve body over when I pull the transmission.

So, it's driving reliably right now, and I've got lots of shuffling to do before I can get the car back in my shop to work on it. I'll update the thread once the transmission is out and apart. Thanks to everyone for the help so far.
Most shift kits (like B&M, Fairbanks, etc.) have good illustrations of all the valves. Just take your time taking it apart and keep the valves & associated springs together when you take them apart. I clear off a workbench and put newspaper/cardboard down to soak up any tranny fluid. Do what the kit says (I always select street/strip settings) and you'll be fine. If you run into a snag, let us know. Lots of us have done this so no big deal!!!