From the Ford Service Manual:
Shift Concerns: No 2-3 Shift (Automatic) Reference/Action
221 — ELECTRICAL ROUTINE
Powertrain Control System
Electrical Inputs/Outputs, Vehicle Wiring Harness, Powertrain Control Module, Throttle Position Sensor, VSS, SSA, SSB
Run On-Board Diagnostics. Refer to the Powertrain Control/Emissions Diagnosis (PC/ED) manual for diagnosis. Go To Pinpoint Test A . Repair or install new as required. Clear codes, road test and rerun On-Board Diagnostics.
321 — HYDRAULIC/MECHANICAL ROUTINE
Main Controls
Bolts not tightened to specification
Tighten bolts to specification.
Gaskets — damaged
Inspect for damage and install a new gasket.
SSA — failure to operate in a normal manner
Refer to Electrical Routine No. 221.
Direct Clutch Accumulator Regulator Valve, 2-3 Shift Valve, Springs — stuck, missing, damaged, misassembled
Inspect for damage. Repair or install new as required.
Air Bleed for SSB Circuit — damaged or missing
Inspect for damage. Install a new case.
Incorrect components used in rebuild
Verify that correct components are used.
Center Support Assembly
Feed Bolts — missing, not tightened to specification
Inspect, install new feed bolts and tighten to specification.
Seal Rings — damaged
Inspect for damage. Install new as required.
Assembly damaged
Inspect for damage. Install new as required.
Outside Diameter or Case Bore — damaged or leaking
Inspect for damage. Install new as required.
Direct Clutch Assembly
Assembly
Air Check Clutch Assembly, refer to Air Pressure Tests in this section.
Center Support Hub Seals — damaged
Inspect for damage. Install new as required.
Seals, Piston, Cylinder — damaged
Inspect for damage. Install new as required.
Friction Elements — missing or damaged
Inspect for damage. Install new as required.
Ball Check — missing, damaged
Inspect for damage. Install new as required.
Shift Concerns: No 3-4 Shift (Automatic) Reference/Action
222 — ELECTRICAL ROUTINE
Powertrain Control System
Electrical Inputs/Outputs, Vehicle Wiring Harnesses, Powertrain Control Module, Throttle Position Sensor, VSS, SSA, SSB
Run On-Board Diagnostics. Refer to the Powertrain Control/Emissions Diagnosis (PC/ED) manual for diagnosis. Go To Pinpoint Test A . Repair or install new as required. Clear codes, road test and rerun On-Board Diagnostics.
322 — HYDRAULIC/MECHANICAL ROUTINE
Main Controls
Bolts not tightened to specification
Tighten bolts to specification.
Gaskets — damaged or misaligned
Inspect for damage and install a new gasket.
SSA, SSB — failure to operate in a normal manner
Refer to Electrical Routine No. 222.
Overdrive Accumulator Regulator Valve and Spring, 3-4 Shift Valve and Spring — damaged, stuck, misassembled, missing
Inspect for damage. Repair or install new as required.
Incorrect components used in rebuild
Verify that correct components were used in the rebuild.
Overdrive Clutch Assembly
Assembly
Air Check Clutch Assembly, refer to Air Pressure Tests in this section.
Clutch Plates — burnt, missing
Inspect for damage. Install new as required.
Cylinder — damaged
Inspect for damage. Install new as required.
Feed Bolts — loose, missing, leaking. Seals — damaged
Install new feed bolts and tighten to specifications.
Cylinder Check Ball — missing
Inspect for damage. Install new as required.
Overdrive One-Way Clutch Assembly
Damaged - Inspect for damage. Install new as required.
Overdrive Planet Assembly
Damaged - Inspect for damage. Install new as required.
Other than that, shouldn't be a problem in finding the cause.....if you are willing to dive into it.
It is what I refer to as a wonder transmission - as in "I wonder how long it is going to take me to find the problem".