To low, or not at all will destroy the insides VERY quickly. I learned the hard way and killed mu trans in about 20 miles or less.
To adjust the rods from up top to the trans, there are 2 adjustment points (On some if not all models, this I am unsure of) The rod moves the lever on the trans. It is adjusted corectly when you put it into drive and you shift from first to second in a normal like manor at about 10 mph, give or take a couple mph's.
(There is an actual speed for this, but *I think* it is car dependent)
Anyway, to continue on,
When you shift from second to drive, it should also be a normal thing @ around 25 mmph. Again, give or take.
To much pressure will have the trans shift late. In example, you'll be in 2nd till 55 or first till 40 with light throttle pressure.
When you get this figured out, take it for a wide open throttle pass and see what it does.