Thats a little different. I've never heard of someone going from a 4L60E to a 700R4. But I guess it makes sense. The 4L60 uses the computer to control the shift points, while the 700 uses pressure regulated by the Throttle Valve cable. I would guess the TV is not adjusted correctly. To properly adjust have someone sit in the car and hold the petal to the floor, press the detent button and move the cable housing (not the cable itself) all the way back toward the rear of the engine. It should slide back inside the detent bracket. This is your maximum adjustment. To get a softer earlier shift press the detent button and move the cable housing forward one click at a time, then road test. With the car in Drive idle up slowly till the trans just shifts into second, then floor it, the trans should immediately shift back down, if it doesn't you have to move the cable back toward the max adjustment. Do this one click at a time and road test each time. If the TV cable is not adjusted properly you will toast your tranny. One other check would be to see if the lockup torque converter is locking and unlocking. To do this cruise at around 55, tap the brake and listen for the RPM's to increase, release the brake and the RPM's should drop. This indicates the lockup is operating properly.
I wouldn't rule out the governor, but it sounds like the TV is not adjusted properly. The govenor can be accessed without pulling the trans. Pop off the cover and slide the govenor out of its bore. Check the weights for proper range of motion. With a 3/32" punch press out the retainer pin for the gear and slide it off. The gear itself may be worn so check it for worn teeth. With the punch go behind one of the weights and slide the valve out of the govenor check all the lands for burrs with your fingernail. The three lands on the govenor should be checked also. If you find the teeth on the gear worn you should be able to find a new gear pretty easily, as this is a common problem with these trannys.
I hope you have had this tranny beefed up because it will never withstand the kind of power you are making. Once built up I've heard of them withstanding 700 hp and 700 ft/lbs of torque.
Hope this helps.
A hui hou
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