A-727 small metal debris in pan - rebuild?

Hi,
I have a 727 behind the 360 in my '67 2-dr sedan Dart. It's a '71/'72 PK3515844 tranny that I'm pleased to have, original behind a 360ci. The 727 exterior is quite clean and I can see a modern tail housing gasket, I've assumed that it has been rebuilt recently; I've had the car for less than a year.
The 1-2 & 2-3 shifts are so early that it's in top by ~20mph. I've adjusted the throttle pressure linkage but no improvement. I have no problem when manually shifted, happy other than no 3-2 kick-down. Based on this shift issue I decided to adjust the bands, check the valve body pressure adjustments and while I'm in there, install a Transgo TF-2 shift kit.
I've just removed the pan and I've found some small metal particles in the pan; not a huge amount but too much to dismiss (please see photo). The color looks like aluminum, I've dragged a magnet thru the drain tray and some sticks but the bright particles do not.

I suspect that I should be using this sign to prompt a full rebuild.
I'm hoping that members here who have serviced and rebuilt many 727s and can confirm that this is a definite rebuild or am I being too dramatic?

Tim

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I opted for a rebuild. It's happening now at the shop. I figure it's better to find a small problem than to let it get into a big, expensive problem. Kind of like brushing your teeth daily.

Powers Trans Pan.jpg

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