I think my 727 is fried. Now I'm at a crossroads...
Well, crap. Went to dinner with the folks yesterday and during the drive home on the interstate, I noticed wisps of smoke coming out my rear. We had Mexican food, but it wasn't that kind of smoke and it was coming out of the wrong rear end....
By the time I found a place to pull over, the transmission was slipping intermittently. I had a quart of fluid to add, but when I added it, it was pouring out the bell housing in a steady stream almost as fast as I could add it. I wasn't going to chance burning up the clutches, so I called for a tow.
@CudaFactHackJob If you're squeamish, stop reading now. I remembered when I rebuilt the transmission, the snout on the converter was scarred a bit. The pump bushing and seal both looked fine, and my wallet was a little too light for a new converter, so back in it went.
Since the car was shifting beautifully -- crisp and on time -- and the only issue I could see was the fluid puking out, I'm thinking an issue with either the pump seal, bushing, or both as a result of that converter snout.
My next project was to rebuild the front end, so I'm just going to drop the K member with the engine and transmission along with it. I think Brewer's might be getting a call so I can get the last few remaining items for the 4 speed setup.......