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can some one explain the differance between " tight " and " loose " converters? .....also what is the average " slip" ( percentage ) on each .....also how can you tell if one is going bad?

does the low band apply situation exist in all automatics? I run a turbo 400 with a tranny brake and a turbo 350 also with a tranny brake.. both tranny s free wheel in low....does this mean they are subject to exploding ? i have been doing my pre stage burn outs starting in low gear for the past...