What kind of material? Even a fairly thick coating of "sludge" can be deemed normal. If it's just fine particles, then that is just clutch lining. There is a lot fo clutch material in an auto trans, it just happens to be collected in fluid, unlike brake dust.
With that said, on the "restore" type products. I'm a firm believer that they CAN work, but so far I think that only holds true for seals. I've seen it work, but obviously nothing is ever 100%.
If the trans pan has large pieces of metal in it, I don't care what anyone says, it's failing. No type of restore product is going to make hard part failure or bearing failure any less damaging to the rest of the tranny. Just my opinion, there may be more "technology" into these product than I am aware of, but unless they can replace missing metal, they can't be a real fix.