I dropped the transmission pin last night and it was pretty burnt, but there is no metal seasonings in the oil whatsoever on the magnet. There’s nothing Mike had quite a bit of clutch material in it and the fluid was quite dark.

 

Yes, as stated earlier, it's time for a transmission rebuild. Also, check to ensure that the check valve has been removed in the transmission cooling line. With age and time, this check valve can clog and burn up a transmission in short order. You can read about the removal process in this thread - https://dodgeforum.com/forum/2nd-gen...46rh-46re.html

Also, be sure to flush the transmission cooler lines before installing the lines on a rebuilt transmission - https://www.lubegard.com/products/kk/