Yup. The torque converter is a liquid coupling, so it can spin up faster and then the other end of it catches up and spins with it. It lessens the stress on the actual gears. You still get the torque, but it's not as immediate.
Manual transmissions have improved a great deal since the muscle car days. Still, an automatic will handle the torque a bit better. That's one of the benefits of a DCT - dual-clutch transmission, typically used with flappy paddles. My BMW M6 is an automatic - but it's an "automatic manual DCT". It uses both fluid and a two-clutch system.
I don't know much about transmissions.
I could probably service a transmission, meaning taking it apart and getting it back together with new filters and shit.
I'd have to take a few pictures, just to make sure I put shit back in the right place, 'cause they're really fuckin' complicated.
They are very complicated
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