i dont know why, but my temps rise when im in 4low. it defies logic, but it'll rise to over 180 in low, and when i put in back into hi range, it'll drop 10-15*. this is in an 89 with a bowtie OD 700, 4.56 and 35"tires. sensor in the pan.
i have a tranny fan too, i think its a factory unit off another truck, came with my truck in a box of spare parts. havent noticed a bit of difference with it on or offroad,except for my voltmeter dropping.
i think i have the stock tow package cooler.it is a stacked plate design, but maybe its getting old and not cooling properly. a new cooler might respond better to a fan.
i personally dont think the radiator does anything to cool the tranny fluid. if you have a 195* stat, i'd say at most the coolant temp coming out of the radiator is 170. if you trying to keep your tranny below 150, hows it gonna help? only reason i can see is to keep the tranny below 200*, or to warm the fluid up in winter.
i think a good setup for a 700 in warm weather is to run it thru the radiator, then thru two big coolers with a fan on the last one.