I don't know what year it started, but many GM trucks with autos (personally verified on a 95 1-ton) have a sticker on the edge of the driver's door stating NOT to use overdrive when towing or carrying loads.
I've also worked for several years in the used parts industry. It was not uncommon to sell auto transmissions to customers who had been refused warranty due to towing in overdrive. At least if you have knowledge of this warning, you could lie (uhh... did I say that?)
Regardless of the reasoning behind the warning - overheating, friction discs, lock-up, etc - the manufacturer doesn't want you doing it, and will void the warranty if you admit to it.
I've also worked for several years in the used parts industry. It was not uncommon to sell auto transmissions to customers who had been refused warranty due to towing in overdrive. At least if you have knowledge of this warning, you could lie (uhh... did I say that?)
Regardless of the reasoning behind the warning - overheating, friction discs, lock-up, etc - the manufacturer doesn't want you doing it, and will void the warranty if you admit to it.