proper fluid level on 727TF

U usually loose about a quart when u pull out the dipstick tube So what these guys are implying is that u can run ur fluid below the full level. So I ask this. If u run a deep oil pan on ur engine do u run it a couple of quarts low to avoid windage? Not likely in my opinion. Kim.
I do
5qts in a 7 qt pan. Between that and other tricks, car went 93 in the 1/8 at 3467# and 900ft elevation,with a 230*cam.
This was not my idea. I got it from Smokey Yunich.