You asked travis...here's what is happenin'!
Tranny fluid, rislone, sea foam, marvel mystery oil, etc. All act as solvents when mixed with crankcase oil. Their viscosity is very light...approximately the same as 5 wt. Motor oil on the motor oil "viscosity" scale. Same thing as using any of the so-called "motor flush" treatments (that product is actually naptha/mineral spirits mixed with a bit of lube oil). Regarding my personal engines, I always use the gunk-brand version of motor flush at each oil change, been doing that on old, unknown quality motors for the last half century! It works over time and does not break loose a buncha grunge immediately (ya do not want that to happen!).
I'd venture that your issue at this point was simply a so-called "stuck" hydraulic lifter....badly stuck as in...collapsed. After some run time, the solvent action simply attacked the varnish deposit in one lifter that was "stuck". That allowed it to kinda resume "normal" operation.
The tranny fluid deal is just an oldtimee deal. Same for pouring tha schnizz through the carb with engine runnin' at fast idle, defintely kills all the skeeters inna half-mile radius, but "might" provide just enuff solvent action to attack a partially varnish-stuck intake valve also. But in IH crap, stuck valves are caused by lack of lubrication, which all comes back to the non-oiling rocker assemblies!!! When a valve partially "sticks", then the lifter/push rod/rocker clearance is excessive, resulting in that heavy bangin' sound ya had...not just a light "tick" that goes away once the lifters pump up after the engine has been sitting a while (like overnight??).
So...are ya outta the woods right now??? No! 'cause ya still don't know if the rockers are oiling! If they are all oiling properly, then you will prolly be ok for a while, if they are not...then history will repeat itself!
Pouring schnizz outta can or bottle cannot "fix" anything. It can be used in a "preventative maintenance" manner however. Same as drinkin' three beers onna mt stomach, make ya feel better, but don't fix yore brain chemistry!