AbsolutelyWould you still be able to bolt the tranny up? I would think that if its not seated it would stick out too far for the motor to seat.
Absolutely
If the converter isn't fully seated you'll never be able to fully mate the transmission to the engine, if you try it will also be be seized and won't spin... Basically this is true with any automatic transmission, not just 4R70W... When correctly seated, there is approx a eighth of a inch of free play between the converter and flexplate, if the converter isn't fully seated it will be too far forward...
Good news!
Lets hope it stays that way.
I wonder if the last guy in there didn't just leave the bobber. I wonder if he left the o-ring from the old filter in there too. That might have caused the problems you were having.
Darrin
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All is still fine with the transmission.