I found the problem was the transmission. The first thing i noticed is that the trans fluid was clean on the dipstick with no odor, but pull a sample and it was dirty in a bottle. The second indicator that the trans needed adjustment was that it shifts way too early. I have had experience with adjusting a 46rh and 3 904's so i knew exactly where to go once i figured out the differences with the 47RE.
I checked the govenor linkage at the transmission with my wife stepping on the gas pedal, and found that the govenor linkage was not moving full travel. I adjusted the govenor cable at the throttle on the engine to its full extent. again, i checked under the vehicle for full govenor travel. It was better, but not fully. A road test revealed it indeed made an improvement, but still shifted too early.
I had to make the cable shorter. I did a fix that can be reversed if needed. I put some solder in the plastic piece behind the swage on cable at the throttle on the engine. This made the cable shorter. I readjusted the cable sleeve, and checked the govenor for full travel. It did move fully indeed. A test drive revealed the trans shifting very close to where i want it.
I believe that the trans was shuttering in overdrive because the TC clutch was slipping. This explains the dirty fluid. Trans pressure is dependant on 2 things, one of them being govenor linkage position. If It doesn't know the throttle is open, it won't increase line pressure, and thus, it wont increase holding power for the clutches.