ATF requirements are set by the manufacturers of the equipment ie. Chrysler, GM, Ford, etc .
ATF fluids are usually a multi-viscosity hydraulic fluid. Dexron II & Ford Type "F":5W-20
Dexron III, Mercon V & ATF plus 4: 0W-20.
These fluids are very different in terms of frictional characteristics. The degree of slipperiness for the Chrysler ATF Plus 4 for example is "Moderately" slippery, compared to the Dexron II & III, Mercon V as it is "slippery". The Ford type "F" is "grabby".
The coefficient of friction of a fluid will affect the shifting characteristics of the automatic transmission, so adding motor oil could change this. Remember Viscosity is the single most important characteristic of any Lubricant!
Another important characteristic of ATF is its ability to resist Oxidation. GM study several years ago indicated that 170-175 degree F. was the "normal" operating range and for every 20 degree increase in temperature above that, the life expectancy would be cut in half! Oxidation increases with temperature.
Then there is the cold temperature characteristics due to the extremely narrow passage ways in the transmissions electronic shift selectors and valves. If the fluid doesn't flow well in cold temperatures, the transmission won't shift properly until it gets warmed up. There are other important characteristics as well such as "pour point", "Viscosity Index", antiwear, flash point, fire point, antifoaming ability, demulsibility, and acid neutralization. To be very specific, ATF is a very complex fluid!
In general it is never a good idea to mix two different oils in any application. If this is unavoidable, there are two major concerns, specifically incompatibility between the base oil, and incompatibility between the additives. The overwhelming majority of synthetic oils, particularly crankcase oils are PAO based. From a base oil standpoint, there are usually no problems with mixing a PAO synthetic and a mineral oil since both are hydrocarbon based and chemically very similar. However, extreme caution should be used if the synthetic oil is non-hydrocarbon based.
As for additive incompatibility, the biggest danger is mixing oils with very different additives packages, particularly mixing those with acidic additives, such as most (AW)Hydraulic and (EP)Extreme pressure oils, with oils containing alkaline additives commonly used in crankcase oils. In this case, mixing can result in a number of problems including additive drop out, loss of demulsibility, foaming problems and reduced oxidation stability.
The best approach is to select the appropriate lubricant for the application at hand and stick with it! If you are forced to mix oil of different types,then be careful and make sure you know what your putting in.
Personally I just use a very high quality synthetic ATF and leave all the additives out!
Wayne
amsoilman