46RH overdrive ratio.

Let's ignore the lockup.

So 2400RPM. No overdrive. No lockup. Presumably some slippage.
Engage overdrive. Still no lockup. 1850RP. I assumed much the same slippage.
About 0.77:1
I see what your getting at you think even with slippage it should maintain the same ratio, so slippage in your mind should be a fixed amount, no matter speed rpm power etc... Why would it be ? and obviously it's not.
This suggests that either the gear ratio isn't 0.69:1 or that the slippage at 2400 is very different to that at 1850.