Ladies and gentlemen: Just read this topic and find it interesting. As a retired engineer, the only correct efficiency measurement is HP out divided by HP in. The HP in and out is a product of both RPM and torque. The lost efficiency is converted to heat in the torque converter.
There is an "industry standard" for measuring efficiency. The method is described on the SouthWest Research Institute website at:
http://www.swri.edu/3PUBS/BROCHURE/D03/trantch/trantch.HTM
Automotive vendors can contract to have their torque converters tested at SWRI. I don't know if their current equipment can test the higher outputs we are discussing.
Using RPM only to indicate efficiency will give wrong results. In any event, a crude test can be made using a dynometer with forced lockup to determine maximum wheel HP at full throttle and various RPMs and repeating the test with a switch that prevents TC lockup and various vendors torque converters.
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