I do quite a bit of putting around town..really no issues.My fluid has never had a burnt smell or a funny colour.I run a 70272 Stacked plate design aluminum B & M tranny cooler too.I've had my convertor for 12 years...4 at the start with 308 gears,6 with 342 gears and now 2 in the new car with 3.08 gears.Replaced the tranny once due to driver error mainly!Ideally... I agree a 342 gear would be recommend as the lowest ratio...you can feel the convertor slip a little more with the 308's but still way better than any of the off the shelf convertors...on the highway at 60 mph it feels super tight and the car loves it.
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