Mark, funny you should mention the AT545. I've just finished working on a '93 f700 rollback with a 5.9 p pump motor, and it has the AT542, which as far as I know is the same as the 545 but with a shallower pan. The transmission is indeed a slipnslide-the torque converter is WAY too loose. The owner complained of poor acceleration, so I hooked him up. I slid the plate forward in the pump, turned the pre-boost screw in some, and loosened the starwheel up. That helped, but the thing weighs 12,000 lbs unloaded and the engine wouldn't rev high enough to beat the converter into submission. So, I went back and put a 3000 rpm governor spring kit in it. Now it beats the holy shit out of the converter and gets moving, if he shifts it manually. It picked up almost 15 mph on the top end, and isn't a pig from a standstill anymore.
I figured that no matter how much a converter slips, if you rev it high enough, it will eventually stop acting retarded and start transferring power. That's exactly what happened this time. I'd like to see what it would do with my dually motor stuck off in it, but I think it would set the transmission on fire. When that thing gets spooled up past about 40 pounds, it IS GOING TO MOVE. If the transmission can't take it then it'll just break. I'm surprised I haven't folded a section of the driveshaft yet.