I have run 4500-5000ish stall, 8" converters on the street before, my experience pretty much parallels Jays. Maybe if you were running 3.08s or something stupid like that behind it, but with any sort of reasonable gear that makes sense for a car that NEEDS an 8" converter, I have never had a problem with excess heat. Honestly, at part throttle cruise, its pretty hard to tell the difference between a 10" 3500 stall and an 8" 4500-5000ish stall converter, unless you really goose it.
I would generally agree with that. I think the confusion comes, at least in part, from a torque converter having a rated stall speed. It's a number and it sounds like it's absolute. "4500 rpm is the stall speed of this converter". But the actual stall speed in use, depends on how much load you are putting on it. If you have a "3000 rpm" stall speed torque converter, and you give it maximum load, like full throttle from a stop, it might actually stall at 3000 rpm at near zero mph. That's a lot of slippage. With the same convertor at light throttle at 70 mph and 3000 engine rpm it will be slipping a lot less. I don't know what it takes in terms of hp to cruise at 70 mph in most cars, but it has to something like 70-80 hp?
I guess what I am saying is a torque converter stalls at different rpms depending on the load put on it. That changes the slippage and torque mulitiplication. That's part of what makes automatics so desirable in so many applications. It's similar to a CVT transmission in that the true gear ratio is constantly changing.
Still, for any convertor over maybe 2600 rpm, I think an auxiliary transmission cooler and a transmission temp gauge are highly recommended. You might also think about synthetic transmission fluid to help with the higher temps.
JMO,
paulie