If the TH400 runs full line pressure and the converter feed isn't restricted a bunch, it will kill the thrust bearing in no time. The higher line pressure puts more pressure on the torque converter, which pushes on the flex plate which pushes on the crank.
The right way to do it is to put a pressure gauge on the cooling circuit (the cooling circuit goes through the torque converter and then out to the cooler), then compare your torque converter pressure to crank thrust (psi x in^2) and compare to what your engine is built for (different engines have different specs but a few hundred pounds is usually tops). Then drill/tap a piug into the converter feed with a much smaller hole. The details depend on restrictions in the cooler circuit and how strong the trans/pump are, unfortunately that part is pretty guess/check.
Full line pressure in TH400's is usually ~200 psi, you really want 50 psi or less in the converter/cooler circuit. TH400's are one of the few transmissions that don't limit converter feed pressure, if they're not built correctly they'll cook engine thrust bearings in short order.