glp040 sounds like the converter is shot.If it wont climb an incline or boggs down real bad accellerating in fwd or rvs.

I have found this many times with descent converter pressure readings. Torque converter pressure is the only reading in a tranny that I don't trust what the reading says. Remanned converters are to inexpensive today to mess around with it.

I have seen to many people including myself chase their tails on a converter reading being ok and the converter is not.