Brayden - You won't be the first to build a transbrake for the Allison. The late Joe Webb (Suncoast) developed and had one in Suncoast's Duramax shop truck back in 2004. Joe said it would be a trans-BREAK so he shelved the project.
I believe that a transbrake wouldn't be "legal" in some classes but wouldn't be illegal unless one got caught. Also there are safety requirements that SHOULD be met like shields, or trans blankets to contain possible debris. I personally believe the Allison might not be up to the task to perform with a transbrake for long.
What I found out about "legal" for ProStreet:
It depends on who you are as to what is legal. If the right person runs one, it will be legalized after the fact, or at the track. So the first step is to figure out who the right person is, then get them to run it.
Things like current registration, street legal equipment, hood stacks, 1/8th mile only, qualifying, towing to the line, electronic launch control, truck transmission-only, weight restrictions, etc, are good examples. I imagine there are more as well. But if the wrong person runs it, it might stay banned.