Over the years, I´ve played with more than a few auto trannies, I sometimes muddled onto a fix. Do remember the torqueflite series tranny was, sensitive to the pump pressure, which is mostly controled by the kick down (linkage or cable).
Common problem in the torque flite, is dirt or oil varnish in the valve body.
Front and rear band adjustment is pretty easy (on the three speed), but the bad news is you have to remove the pan to adjust reverse.
The 904 is the three speed and the 907 is the four speed? Been awhile.
Rebuilds, have a habit of garbage, collecting in the valve body, sometimes hard to get it out of there. If your model has the band adjustments and they don´t help. I´d think about the valve body and or a partialy plugged cooler. have also heard of guys overtightening the cooler line adaptor and blocking the oil flow.
I have a trick for trying to dislodge junk from the valve body, but I only use it as a last resort.