Even if the transmission fluid appears to be in decent shape - I'd still change it so you know where you are starting from and what you are starting with. The fluid for that transmission is expensive and if it was serviced and the guy knew he was getting rid of it may have filled it with Type F (or what ever Jiffy Lube has in a barrel) instead of Mercon.
Heat is the main concern for ATF. Automatic transmissions create a lot of friction, and friction produces heat. The fluid is constantly churning inside the torque converter and being pumped through metering orifices and hydraulic circuits. Every time the transmission shifts gears, the clutch packs generate even more heat that must be carried away by the fluid. The greater the load on the transmission, the more heat it generates and the hotter the fluid gets. Most ATF can withstand normal operating temperatures of around 200 degrees F for tens of thousands of miles. But if the temperature of the fluid rises above 220 degrees F the fluid starts to break down quickly. Above 300 degrees, fluid life is measured in hundreds, not thousands of miles. And above 400 degrees, the fluid can self- destruct in 20 to 30 minutes!
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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