I see your location is Miami, is that where the vehicle is to be driven daily? If so I can relate here in central texas, it's hot and humid, alot.
I tried the bypassing for a couple years, your trans will heat up in stop/go well above 220, maybe even as high as mine, 237 - and turning OD off won't help ya in this situation.
You don't have much of any hills (i think) so that may not be an issue for ya.
Now playing around with the OD button (to turn it off) at highway speeds can yield lower trans temps when in 3rd or 4th gear, by about 20-25 degrees, but now you're having to rev the engine higher, that may or may not bother you but it's a big difference between 2150rpms and 3400 (mine roars at 70mph) when turning OD off.
So then I decided to replace radiator and run in series with external cooler. Now the trans won't ever go above the engine temp (on the longest of runs nearing 300 miles; 186-190 degrees). I think this is a better setup for brutal temps in some areas. Plus I get better mpgs not goofing around with the OD button all the time and I think these engines like the Rs nice and low. Luck and enjoy. :cowboy: