98_k1500
strange noises are normal
Its very rough on an engine to be pulling in gear, it go to shift down under heavy throttle, and it just hit neutral. You will pull your hair out messing with it. As far as the trans goes, i don't see why it would hurt anything inside it, but it would be worth the slight amount of extra effort/cost to put the correct valve body and separator plate on it and it be right.