I'm certainly no expert in the hydraulic systems on these boxes, I don't try and re-invent the wheel, I just install the kits!
But...quite often I find these trannys/valve bodies have been modded over the years by folks trying to replicate the shift kits without actually spending the cash!
For instance, I find the separator plates drilled in all kinds of ways but none of the companion parts installed to make any difference in operation.
Same for cutting down the various spools, shimmed springs, etc. So now...on any 727 overhaul, every valve body gets completed stripped for cleaning and verification of correct parts with no juryrig stuff. After 30+ years of cheepazz IH "previous owner" junkyard dawgs scruuin' over this stuff, that is the only way to make sure everything is right.
Back when these trannys were being rebuilt in high volume every day in commercial shops, each builder learned some detailed mods that could be performed to "cure" certain perceived problems. So there is no telling what could have been done in the past.
So take your time with the valve body (and everything else!) and verify what ya got going in before drilling a hole, or grinding something that could create issues down the line.
These are extremely durable transmissions right off the assembly line...all the tricks and techniques that trans-go (and many other companies) developed over the years were with the idea of improving durability and performance when stuck behind motors that made far more power than they were designed to handle! And for continuous use in towing applications that are much more severe than most drag race apps where the tranny is cycled maybe fifty times and then rebuilt again...over and over and over.