Yes, but the TV cable also controls the pressure, and without the right pressure you are gonna have problems. What does the fluid look like? Is it oxidized? darker then fresh tranny fluid... how does it smell and feel. If the TV cable was slipping out, you definetly need to make sure that is fixed. Also just having the tv cable out of adjustment can cause numerous tranny problems. Basically... if you are having problems, about all you have to shoot for is that TV cable adjustment. Anything else will require dropping the pan, possibley dropping the valve body or the whole trany to access the converter. All in all... options I'm sure you don't want to do.
One omore thing... what tranny fluid do you have in your tranny??? I know the 400 and 350 TCI trannys take Type F ford fluid and not the Dex III... just another thought.... double check the instruction from TCI.