i dont know how your car compares to my 90 5.0 HO but i had that same problem accept i didnt do anything to the tranny. I made the mistake of reving the engine to around 4500 and snapped the throttle closed and it stuck at 1500 RPM and did not come down. so i thought i broke something but it turned out that the IAC was stuck all the way open. Cleaned it and it will idle down slowly now. so im assumeing that is the problem. Try it. And also there are other smarter people than me that will chime in.