I'm not trying to disagree with you and am seriously considering swapping in the AX-15 I have sitting on my garage floor out of my old Jeep XJ, but... the key factor I think you're missing is the torque converter. Even a stock converter allows for 1000 RPM or more of slippage when the engine is at WOT during a gear change. So the actual RPM drop from a 904 with those gear ratios is quite a bit less than a manual transmission with those ratios.