Am I understanding correctly that WS fluid is what should now be used in a fluid exchange, or is the unsealed transmission supposed to use Type IV? I have another thread somewhere discussing WS vs Maxlife and then this topic came up.
My understanding is that it's best for you to use Type IV fluid, because your transmission was designed, and tuned with shift points and behavior based on the Type IV fluid.
The type WS fluid has a lower viscosity at any given temperature within the normal expected temp range, and thus WS fluid could alter the shift characteristics or shift points of your transmission.
I doubt that WS would damage anything, it just would alter the behavior to make it different from what was intentionally chosen when your transmission was designed and tuned to work with your engine and your truck.
I have no idea whether the actual difference would be noticeable or simply academic, and while different in theory, I cannot tell if anyone driving would notice -- I just don't know the answer.
The graphic I posted earlier has the flowing text listed as a "service tip"
"If a vehicle with a transmission filled with ATF WS is replenished with another type of ATF, the vehicle might not start off at extremely low temperatures. However, it will start off after it has been warmed up for a few minutes"
So, as transmission fluid gets hotter, the fluids become less viscous.
This service tip says that because WS fluid tends to have lower viscosity than other fluids, if your newer transmission is refilled with non-WS fluid, when it is extremely cold outside, the non-WS fluid may be thick enough that it doesn't flow properly, and won't allow the truck to move when you shift it into gear.
However, Toyota notes that after you allow the engine, and thus the transmission fluid, to warm up for a few minutes, then the non-WS fluid will become viscous enough to allow your transmission to shift.
So, Toyota seems to be saying that if you have a newer transmission and use a non-WS fluid, you (likely) won't damage anything, but to the extent that the fluid is more viscous, you might find that you cannot drive your truck in extremely cold conditions until after you have let the fluid warm up for a few minutes. Can't drive, as in, when you put the truck in gear, it won't move.
Your question is about the converse of this situation... or more specifically, what if you put WS fluid in a transmission that is designed for a more viscous fluid.
My guess is that the transmission might shift sooner, or that shifts may occur slightly faster since a a less-viscous fluid would flow faster. I do not know if the difference would be noticeable, meaningful, or damaging in anyway.
My best guess is that any observed differences would be negligible. That the lower viscosity might make shifts "less smooth", but I don't know if it would be enough to notice, and I would assume that the more viscous fluid would complete a shift sooner, which I'm assuming would allow less slip and thus theoretically slightly less wear each time the transmission shift.
But those are all just educated guess that could be wrong.
I doubt you'd see catastrophic failure from switching to WS. You probably would get longer fluid life out of WS -- although I have no way of knowing WHEN you should change the WS fluid, but it's likely that it would be sooner than the factory spec for newer vehicles, because your transmission isn't the same as newer vehicles, and I am skeptical that you would notice any improvements from using WS fluid, although I can't be certain.
I hope this answer is more informative.
-Phil