Converter ballooning only happens with pretty high horsepower if I understand it right. I'm no torque converter guru so the best I can explain it is the torque converter swells up and pushes forward hard enough to take out the thrust bearing in the engine.
One question, when you pulled the pan to install the shift kit how much "mud" and metal flakes did it have in the bottom of the pan? If it wasn't a lot chances are it'll last a long time. If it had mud 1/8" or more deep and metallic flakes things are worn bad.