I will admit that I never ran just a deep pan (cast alum) and monitored fluid temp. I'm also running a ATS transmission. Nonetheless a deep pan alone wont solve excessive heat issue unless your parked for a period of time and it will shed heat fast.
A bigger cooler is the way to go.
Also unless your running a sump temp guage the OEM guage in the dash doesn't represent the actual fluid temperature. Once the truck is up to normal operating temperature with all the heat soak my factory transmission guage would mock the engine temperature unless the transmission was being semi abused then it would rise above the engine temperature. My sump temp would always be a min 20 degrees less.
Most of the time a lot more then 20 degrees! Unless the ambient temps (summer) are high my sump rarely rises above 150 degrees while my engine temp hovers in the 185-195 range. Summer it will rise up to 180 degrees. Very far and between will I see anything warmer than that.
With all that I do agree with you that a deep pan will not solve (alone) high transmission temperatures. Waste of money? Yore mileage will vary! :hug:
If you have a sump guage as I do record your current temps before and after the change and lets us know what you find out. Just be honest
Chances are you don't have one. One thing for sure having one definitely shows you the efficiency of the cooler and the worthlessness of the factory guage for actual sump temps!