Thanks everyone for the welcome and advise. I did have a chance to check the tranny fluid today. It was pretty nasty looking. No 'reddish' color at all. So tomorrow, as I'm getting the tires balanced(slight vibration at 60+ mph), I'll look into having the trans fluid changed. I'll order a thermostat also. But the car looks like it needs just some regular maintenance. As stated, we hope to use this car in AutoX and Hill Climb events. We are a 501c3 non profit with a program to help disabled veterans thru racing. Thus the reason for an automatic.
Let me get these items changed and see how it runs then. I'll report back. Again, thanks. I appreciate the help.