I think the main issue is making sure the TV cable is adjusted properly. I think the bowtie overdrives kit/bracket is supposed to be the simplest in terms of setting it up, that's why it's hella expensive. If the TV isn't adjusted properly you will definitely burn up the trans in a hurry.
In terms of the lockup your transmission I believe it's going to run warmer and may eventually take a dump. You can swap out the converter to a non-lockup, like Art Carr prefers to do on his trannies. If you have the lockup converter you should have the lockup activated IMO. Plus it'll save you a little fuel. Not sure what your RPM will be on the highway without the lockup though.
In terms of the lockup your transmission I believe it's going to run warmer and may eventually take a dump. You can swap out the converter to a non-lockup, like Art Carr prefers to do on his trannies. If you have the lockup converter you should have the lockup activated IMO. Plus it'll save you a little fuel. Not sure what your RPM will be on the highway without the lockup though.