Sorta. As long as you use a wide band, the 5.0 lever is a big plus. Otherwise, it really doesn't do much. No 904 ever came with the 5.0. That was a Hemi only option and they used a wider band than all the rest of the 727s. That's why you need the widest 904 band you can fit in if you use the 5.0 lever. I believe the widest that will fit is 2" wide in the 904.
