A-727 small metal debris in pan - rebuild?

All of that debris could have come out of the cooler. But are you saying that your trans shifts into third at below 20 mph even at wot?
It is difficult to discern the gear changes, must be very soft. It will accelerate like fury and is a bit of a handful; I hope to take my foot off the load pedal before it gets too out of shape, but any time I choose to check (by changing from D to 2) it always shows that it was already in 3rd by then.
I can't feel the 1-2 shift and I have to really concentrate to feel the 2-3 shift.
The fluid could have been changed just before I bought it (Aug19). All of the other parts are good quality; Blueprint crate motor, aluminium radiator, tubular upper control arms, rear discs, F&R anti-roll bars. Plenty spent by previous owner such as braided trans cooler lines; it doesn't make a whole lot of sense to have abused/not serviced the fluid until just before selling.