The only "unique to the gear selection" issue with doing a burnout in drive is it will upshift quickly and unless your engine has the steam it will quickly lose tire speed. There are only two things that make "Break a way first (Mopar's 1st gear in an automatic)" and "manual second" different from "drive": 1. In first by selecting "1" the low/reverse band applies which helps the sprag live by helping to hold the low/reverse drum stationary. 2. by manually selecting "2" the transmission will not upshift to Drive. That's it. Everything else is the same.
I would add - unless your transmission has had some attention paid to the shift timing (a shift kit), there is potential for accelerated low/reverse band and 2nd gear ("Kickdown band") wear by manually shifting it between 1 and 2, and 2 and D. The bands do not release very quickly without help, so during 1-2 upshift the low/reverse band can get worn when the kickdown band applies before L/R can release, and on 2-3 the kickdown band cannot release before the high gear clutch applies.
