That looks like a non-computer lockup setup. When you stomp on the gas, the vacuum switch senses lower vacuum when the carb opens up, breaking the circuit, enabling the torque converter to unlock let to the transmission downshift.
The four-pin plug goes into the transmission. There should be a switched connection on the brake pedal, separate from the brake light switch, that also unlocks if the brakes are applied.
If you eliminate the lockup, don't discard the wire harness and vacuum switch...that's useful for those of us wanting to use a 200-4R or 700-R4 without a computer.