Fluid Drive/Solenoid and Governor Problem

This is for the old timers in this group: Will replacing the solenoid and governor on a 1949 Chrysler Windsor with Fluid Drive help it shift like it is supposed to? All other things check out fine, the wiring and the fluid level in the torque converter. The problem is: If I take my foot off the gas pedal and let the transmission do its thing, a violent, loud clunk occurs. If I push in the clutch, it merely clicks and shifts smoothly. Any ideas about this? Also, sometimes the transmission does not downshift when coming to a stop without me pushing the clutch in to force it to drop to third from fourth. Am I on the right track with the solenoid/governor problem? Any ideas would be appreciated. TIA

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Count Floyd
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