The vast majority of Olds V8 powered cars were automatic being a step up from Chevy or Pontiac in the comfort department. A 2500 stall is a good place to start along with a deep pan with bottom feed filter, billet forward drum, hardened subshell and boosted line pressures. Go to the CK Performance site and look under Competition Parts. He basically has at what power level each of the mods are needed. Remember with dual exhaust you will be around 400 ft/lbs of torque. That means, a hardened stator( $20 cheap), hardened sunshell $50, should be in any build, and a billet forward drum($350) and upgraded clutches and steels. Extreme Automatics is another builder, here is there recommended pressures, my trans has 215-220 psi in the foward gears, any less is marginal
http://extremeautomatics.com/assets/pdf/2004R_Transmission_Install.pdf