I have a bw in my pickup which come from a 66 1000-a pickup. I don't have a line set ticket on the 66, so I am unsure the exact model of my tranny. I have been told bw8 and bw12.
Anyway, I replaced my modulator valve because the diaphragm was leaking. My tranny uses a modulator with a built in electric solinoid. The kickdown switch is located under the gas pedal. The modulator valve also gets vacuum from the intake manifold. Most of the time, the tranny downshifts without the kickdown switch being actuated by the gas pedel. The vacuum, or rather lack of it, is all that is needed. The tranny downshifts when there is a drop in vacuum from the intake manifold on acceleration.
If you need one of these modulator valves, they are hard to find. I paid about $250 from blaser rambler, but the performance increase was well worth the price! Btw, theses trannys are very common in the ramblers of the late 50's and early 60's. The valves haven't been made in several decades according to blaser.
Do an ebay search on rambler modulator valve. You May get lucky. I found an exact one about two weeks later for $30. It is now my backup.
The shift point adjustment is made on my tranny by screwing the modulator in or out. Go one turn in or out, lock it down, then test drive. Do over until it shifts like you want it to.