Well, I inspected the valve body and found the converter bypass, line pressure and converter pressure regulator valves bores to be worn (just like the sonnax article said). Before I pulled the VB I ordered the CD4E-JR shift kit to update the bypass valve (its badly worn). But to do the job right, I will need to replace the regulator valves with oversize spools. This means that I will have to re-bore the bores. Since the valve kit is $130.00 and the boring jig is $300.00, I will buy a rebuilt VB for $275.00.
I have a photo of the worn converter bypass valve sleeve, but I don't have a place to post it. I can email it to anyone interested.
I should have it by next week.
jeff