You'd have heard siren type noises if the filter plugs up enough to cause slippage..
Your symptoms sound like what I have read in dozens of other 700R4 "death posts" here and elsewhere on the web...they just suck in my opinion..seems like even if you spend a lot to get one souped up or replacing parts known to be weak like the sun shell,doesn't help much sometimes..I don't like the fact the TV cable can mess up and fry one in a few miles...
The 700R4 in my '85 Burb supposedly does the same thing you described ,plus reverse refuses to engage when its been driven 15+ miles,so said the previous owner..but he said they never serviced it ,only after it started acting up did he drop the pan--saw charcoal black fluid that stunk,and he just used a few cans of brake cleaner to spray everything clean again,added a few quarts of fluid and one quart of Lucas,and sold it shortly afterwards to me..
It has always gone in reverse when I go to move it around my yard though,I never have taken it on the road for a "long drive" yet...hate to get far from home and have it not want to move..
You might want to check the govenor and see if the gear is stripped out,or the valve in it might be dirty--usually an automatic wont come out of first gear when the govenor gear fails,but I suppose it might still be trying to spin and it "could" make it act weird..also make sure the TV cable is adjusted and working right..(probably the damage is done already if that proves to be at fault)..
I dont like engines screaming at 3000+ on the highway either,but I still prefer the old 3 speed automatics over the 700R4...everyone defends them saying once they are "built up" they hold up well,but I seem to hear more saying they suck as far as durability...the low first gear and overdrive are nice though--if it holds together..with a TH350 or TH400 you can live with the lack of overdrive by running taller gears..or larger tires..
Your symptoms sound like what I have read in dozens of other 700R4 "death posts" here and elsewhere on the web...they just suck in my opinion..seems like even if you spend a lot to get one souped up or replacing parts known to be weak like the sun shell,doesn't help much sometimes..I don't like the fact the TV cable can mess up and fry one in a few miles...
The 700R4 in my '85 Burb supposedly does the same thing you described ,plus reverse refuses to engage when its been driven 15+ miles,so said the previous owner..but he said they never serviced it ,only after it started acting up did he drop the pan--saw charcoal black fluid that stunk,and he just used a few cans of brake cleaner to spray everything clean again,added a few quarts of fluid and one quart of Lucas,and sold it shortly afterwards to me..
It has always gone in reverse when I go to move it around my yard though,I never have taken it on the road for a "long drive" yet...hate to get far from home and have it not want to move..

You might want to check the govenor and see if the gear is stripped out,or the valve in it might be dirty--usually an automatic wont come out of first gear when the govenor gear fails,but I suppose it might still be trying to spin and it "could" make it act weird..also make sure the TV cable is adjusted and working right..(probably the damage is done already if that proves to be at fault)..
I dont like engines screaming at 3000+ on the highway either,but I still prefer the old 3 speed automatics over the 700R4...everyone defends them saying once they are "built up" they hold up well,but I seem to hear more saying they suck as far as durability...the low first gear and overdrive are nice though--if it holds together..with a TH350 or TH400 you can live with the lack of overdrive by running taller gears..or larger tires..

