Rear band removal?

I'm done! Still haven't driven it though because of my next question:

I know for filter change the spec is 4 quarts for a 727. Since I took the valve body out and it drained for 2 days, i feel like a lot more than 4 quarts came out. I only put 4 qts in right now and it didn't budge. RPMs didn't even drop. Just moved little in the drive gears but on-slip-on-slip. I put another qt in and now it definately grabs the gears, rpms drop as they should but level still reads low on the dipstick. I've never had full confidence in this dipstick as far as being the original for this transmission.

1)How many quarts do you think drain out when doing a shift kit?

2)My dipstick sticks out the bottom of the tube into the pan area about 3/8 to 1/2 inch. Is that about right?

Thanks for all the help guys.

-Alex