I have a general interest in this question also. I have a Suncoast triple lok torque converter and a Fairbanks racing valve body in my 48RE. Sometimes on the upshift from 1st or 2nd I get a klunk.
Similarly, on the downshift in the lower gears I get the same klunk. Sometimes it sounds like it is comming from the transmission, sometimes it sounds like slack in the driveshaft.