The orange light means hte bird has escaped the cage.....yes it is low coolant. When you say there is plenty there, do you mean it is full to the markings, or just you see some sloshing around? Does the level change with engine temperature, and do you find the need to add some from time to time?
Sloshing sounds (we commonly call it the waterfall behind the dash) is the sign of an air pocket, and might be where your coolant light is coming from. Air expands at a different rate from coolant, and it might suck the coolant out to the point there is little enough to keep the light from coming on.
I suggested some things to look at in the other thread for your idle issues.
Slushboxes...around here they last until someone finds an R154 and changes them out

. People typically get a long time out of well cared for ones. Hard driven and raced are a different story, but it's more user than trans. They do not have a reputation for failure at stock power levels.