The real trick though is to get rid of all these complicated electronics, and turn this transmission into an eight-speed.
A Major Modification
I discovered this one by accident. Well, not quite by accident. Actually Chris Petris, who used to build transmissions for the Corvette Challenge, helped me with this. There's a switch on the side of the transmission that tells the computer which gear is engaged. This second gear switch is one of the first things to go bad on the 4+3. The switch is engaged every single time you shift the transmission, whether the overdrive is engaged or not. It's no wonder this is usually the first item to wear out.
When my second gear switch went bad the car simply wouldn't engage overdrive properly. I could hit the switch on the console to turn on the OD and it might not actually engage until I drove some 20 miles down the road. You can imagine how aggravating this was. When Chris and I couldn't locate a replacement switch right away, we simply grounded the switch by running a very short shunt from one terminal to the other. This effectively made the OD a completely mechanical unit, operated only by the interior switch, which in my case is on the console.
Eliminating this switch made an the difference in the world. This was like giving me a new Corvette. This same modification was made to the World Challenge Corvettes. While Chevrolet designed all the electronics to pass the EPA fuel mileage cycle, we simply want a useful transmission. The 4+3 actually works better if you take some of the sophistication out of the system.
What we did was fool the computer into thinking that I'm always in second gear or higher. This switch is on the left side of the transmission, and can be seen easily if you have the car on a lift. This switch moved around a little during the years, but it was always the switch toward the rear. Remove the wiring harness from the switch and hook it out of the way with a tie-wrap. You won't be using this harness. Now make a little jumper wire that fits into the two terminals. You can actually remove the switch from the transmission and make the jumper wire on your workbench. It shouldn't take more than 15 minutes.