9 times out of 10 yes.....
in my case, if it was highway speeds then it would still try to go to od and for a while it would eventually you have 1-2 and reverse the 700r4 is the same trans with the same problem in stock form.........................i have killed one of each the 700r4 in my firebird just all of a sudden had no more 3-4 the 4l60e in my 93 jimmy gradually got worse
i paid $950 locally to get my 4l60e rebuilt and that included a supposed valvebody upgrade that fixes some of gm's mistakes btw i pulled and reinstalled the trans
there is a place online http://www.700r4l60e.com
they are some of the best out there if you don't mind the idea of ordering one online they have all sorts of upgrades for hi powered and towing applications