got the same problem...again.. steels slightly blued..
this time i have pulled about 150-200hp out of the engine by swaping heads froma 215cc intake with 2.05/1.6 vlv to a 170cc intake wiht a 1.94/1.5 and a 750 carb to a 600... pluss pull timeing
i got red clutches and kolene steals..
this is getting anoying
You've got a problem--fix the trans, not detune the engine! The TH-400 can handle all you can throw at it with a 383. Recommend Ron Session's book on the Turbo Hydra-Matic 400. How's the detent solenoid?