DWillenbring,
You should be able to wire this circuit just like you planned.
When the TC lock up solenoid recieves a ground, it immediately forces the switch valve in the valve body to cycle. Once this has occured, the TC will lockup. According to TCRA, torque converter rebuilder's association, if the switch valve cycles and the TC doesn't lock then you have a problem with your TC and it should be replaced.
So basically, if your converter is working properly, this circuit will work fine. Actually, an LED is often added to the circuit for testing purposes to better diagnose problems.
-Chris