I'll try to help out on this one.....

... ... please keep in mind that I'm not at my best right now...
Also keep in mind that the 1st gen transmission's do not have lock-up. That came in the later, 2nd gen trucks..... we are "fluid coupling only" in our rigs.
The pecentage value (eg: 89%) is the "fluid coupling" efficiency or amount of power the TC will transfer to the transmission. This is a rough explanation here..... the rating is the efficiency rating at a particular RPM and upward. the specific numbers are to some degree company secrets so to speak... .
Right now I'm running the 91% TC. It is tighter than the 89%.
You would find that the amount of throttle needed to get the truck moving is higher because the TC is not "loose enough" to allow the engine to gain RPM at the lower range depending on the unit/maker/application. Once it's rolling it's a whole different experience.
When you decide you are going to tow or race for example, you will then have the basics for deciding on the TC spec as well as the VB settings etc.
If you tow heavy then the 89% TC combined with a VB set up for towing is the way to go... . make the setup based on your usage a majority of the time.
My original 89% w/"Towing" VB (DTT) would allow the engine to gain a bit more RPM before it started to "tighten up". This worked well when towing or hauling heavy. As the engine gained RPM the TC tightened up (reached it's stall speed) and the connection got tighter as the throttle increased... (fairly quickly and not that far above idle value unlike the original units). The VB I had was set up to allow for "towing" or hauling efficiently. The combo was great for our engine's operating range. The more tweaking and HP you have the more efficient you can go with your TC because the engine will pump out enough HP/Torgue to get it moving.
It also works well if you are a weekend racer. The combo let the Cummins pick up some RPM before it started to "hold onto" the engine's output.
As you go up in efficiency value you can sort of equate it to starting out in second gear or third gear in a 5spd trans sort of thing...
If you don't have a big budget then you can dial it back a bit by getting a tighter TC, a valve body rebuild with shift kit and, some basic trans work to refresh some seals and so forth.
This would give you a nice and more efficient dialy driver without the big bucks of a full aftermarket setup.
If you don't already have one, put in an aftermarked trans oil cooler. These original trans. ran/run hotter than the later units so trans operating temps are critical. It is important to select the right gear and keep your RPM up. This will help with HP transfer and operating temps in the trans. If you don't have an trans oil temp guage you might be surprised at how hot these old girls run when working/racing/around town in traffic.
One last thing... ... if you are going to do some work on the TC/Trans/VB keep in mind that you are going to be placing more demand on the engine because of the higher efficiency system. This will mean that your cooling system and your intercooler setup should be given a good once over. Make sure you don't have any intercooler leaks, your IC boots/clamps are all in good shape etc.
This stuff will all work together to give you more usable HP/Torque. You will also benefit from a more active "shift management" aproach.
There is a text file ("how to") in here for the installation of a second gen shifter leaver with the OD button on the end. It makes gear choice much easier than that dumb dash button... .
You'd be amazed at just how handy that little booger is. It has certainly taken some of the load off my Overdrive unit because I am more actively selecting when I allow OD to kick in/out.
If OD come's in too early then you are just generating higher trans. oil temps and that is what you
DON'T want.
You want to manage your work load/RPM/EGT's/coolant temps etc.
One of the things I found after I had the DTT/aftermarket system put in was the amount of throttle needed to hold speed, whether on the highway or around town, was noticably less. I gained a bit of fuel mileage too... about 1. 5 mpg or so without any other changes.
Ok that's it ... ...
pb.....