Drivin uare correct the cable on a 350 turbo is just a passing gear cable not a throttle valve cable. If the transmission is slipping that bad the clutches are burnt up so check yer fluid to c if its black and smells burnt. If all is well there Start off in first gear and shift to second mannually and then third to make sure u are gettin all three gears. I would agree with drivin and say yer not gettin third. Probally a linkage prob, rod might of bent or pulled thru the adjustment when u changed the mill.