From
www.importperformancetrans.com:
"The modifications that are performed vary greatly with the transmission being worked on but can generally be categorized in two ways - hydraulic modifications and mechanical modifications. Hydraulic modifications are performed to increase the holding capacity of the clutches and bands. This accomplishes two things - it greatly improves shift feel and also reduces slippage, which extends the life of the clutches and bands. In other words, if you show the transmission more power you must, at the same time, increase it's holding capacity or it won't live.
The second category, mechanical modifications, are pretty simple-you must install parts that won't break when subjected to more horsepower than they were originally designed for. Whether that means the application of a cryogenic treatment, a metalax process or the replacement of that part with that of a superior material or design, it is imperative that any inherent weakness to that particular unit is addressed."
Alternatively, if there's another transmission that was used in a sufficiently similar application, you might be able to upgrade to that, although that's going to potentially muck with gear ratios, axles, etc. It all depends on how much power, percentage-wise, you're going to be putting down over stock and how much you're looking to spend. level10 does valve body upgrades for a lot less, IPT does a lot more for a much higher cost....how extreme do you want to be? The auto will almost certainly cost you more in the long run to beef up, unfortunately.