I read through this whole thread before the milkshake happened to me. Now read it again after the milkshake. Once you taste that sweet strawberry, this will not even be a question. Bypass.
I don't think anyone should trust a radiator, old or new, to save their transmission. This was a design flaw by Toyota--a fail-deadly design.
Granted, I had a pretty severe use case. But having gone through this, in a truck that seemed like it would last forever, I would not trust any radiator of any age or quality to save my transmission. It really is a no-brainer, that I think you just have to experience to understand.
I would compare the price of a remanufactured trans, or even just a rebuild, to that of a decent trans cooler. I'm looking at the junkyard swap route that will cost me a thousand or more when it's all said and done. For a trans that could be more junk than mine.
For those concerned about overheating or underheating, you can monitor the temp. [MENTION=120071]mtbtim[/MENTION] - Timmy the Toolman - has videos on installing a gauge (if needed). I also like his idea of an OBD extension connected to a bluetooth reader, connected to the Torque Pro app. Monitor the temps during extremes until you get peace of mind.
Last comment - There is a theory on the forums that you can catch the milkshake when it happens, and you'll be fine if you stop driving immediately. This is what I did. I pulled over as soon as it slipped on me. But there was so much coolant already in the trans that I must have driven several miles until the slip occurred. No warning light came on, no unusual noises, no smell... nothing detectable until the slip, but by then it is too late.