Completed the flush yesterday. It wasn't black, but it wasn't far off. The last quart or two was really nasty, with obvious suspended particulates. I let the pan drain for a full week (weather related delays here) and got 5 full quarts out, which made me happy; that was five quarts I didn't mix the new ATF with. One odd thing: when the 12th quart went in, the dipstick showed about 3/4 of a quart high, when hot. I drained a full quart out today, and now the dipstick shows a full quart low when hot. Road test made both before and after draining a quart from the refill. No difference in the results between the two road tests.
Shifting, when it happens, is as good as I remember it being when my (previous) 100 was new. The problem is now the first and second gears seem to be slipping under load at about 3000 rpm, while the transmission is climbing through the gears from a stop, or slow roll. The failure only happens at 3000 rpm and seems like the rear wheels are locking, or dragging at least. This is definitely not an axle problem, it's related to the transmission shifting.
If I accelerate slowly, (like driving Miss Daisy slowly) and hold the acceleration to near zero at the end of the first and second gear shift points, it does shift, at about 2600 rpm. When I use the 2nd start bypass function, I get the same result with 2nd gear as with 1st.
Next to try is the shift solenoids. Since I'll have it open, I'm replacing them all, even though the drive and overdrive gears don't seem to be affected. At least, not yet.
I fully expect to have to rebuild this over the winter, so I'm on the hunt for a donor transmission I can use for the 2000 LX470 and my two 1995 80s. These will be down the road projects, maybe 2022, but I'd like to have a spare installed while I'm working on the OEM unit.