No it does not. the tv cable is all the adjustment you have, Most 700r4's suffer from this due to the governor arangement and the 3.07 first gear. if your moving mutch more than a crawl they won't downshift to 1st. GM did this to stop parts breakage in rearends and such. sorry it is just part of the design. it otherwise sound like you got it spot on . enjoy :happy0030: