I have a 2001 5.4L 4x4 with a 4R70W and just put a Factorytech valve body in. I had a bit of bad luck at first and didn't know exactly what to expect. But, once dialed in with my preference of springs, this thing rocks!
Brahmus has the right idea; run it hard until it blows up! Maybe it will do so during the warranty period. Then, either replace it with a new/rebuilt from ford or go get a performance built unit. They're about $1.5K-2K. Installation will take a weekend and you will need somebody that knows transmission installs to help you out. If help is not available, plan on more than a weekend.
Inbox me if you need details about the FTVB. Gregg at Factorytech is a real stand up guy! Excellent service. Very customer satisfaction oriented.
BTW,,,if you do decided to get the FTVB, contact Mike at
http://www.madenterprise.com/F150.htm
Best service ever!!
-a