And, if one was to follow the recommendations to not tow in overdrive, then with the torque converter not in a 'locked' mode, it will also generate much higher trans temps than normal.
Just one comment on an otherwise great post. The torque converter will lock up in 4th as well as in overdrive. That's why the owner's manual recommends towing in 4th or OD, and not in 3rd or below. In the lower gears the torque converter will not lock, and excess heat will be generated.