Unless the fix the TC bypass valve and the line pressure regulator valve, the TC will fail again shortly. This is a well know and common problem with the CD4e. They will have to rebuild or install a rebuilt and modified valve body. This is very important with the 95 because the line reg valve gets stuck and causes the extreme pressure in the TC. The TC will actually bulge from the pressure. This is the likely the cause of your noise. Also during this condition the flow to the cooler is cut off causing overheated fluid and hard shifts. If the VB is not repaired the entire transmission will fail. Fix it now so you don�t have to do it again.
jeff