The stock one you have should be a FMX. Your bands may just be out of adjustment and allowing the slipping. If you keep driving it like that it just wears the bands quicker and creates heat too, the main enemy of an automatic. Readjustment of the bands and a fluid and filter change may be all it needs.
If need be you can just have the
tranny rebuilt too. The FMX is a good
tranny if you're planning on keeping the motor stock or near stock.
If you're not interested in originality and planning on beefing the motor up greatly then a built C4 or a C6 may be better. Even an AOD may be an option.
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1968 Mustang coupe, Acapulco Blue, 289 2v, C-4, Power Steering.
Hopefully a 1969 convertible or Sportsroof (non Mach or Boss) for next Mustang project
Trying to find my father's 1973 Mustang Grande he bought brand new. 3F04F126773 last known registration and title was in New Jersey, 1982.