With 2WD some wheel spin is used to keep the engine on the power curve. This also reduces shocks to the drive train. An automatic with a high-stall torque converter does the equivalent. This is the first step in a "built" tranny.
Other steps in the build include hardening up on the internals of the tranny so that they can take the abuse. Higher line pressures with stronger solenoids actually add to the the life of bands. Another mod improves internal oil flow to enhance cooling.
Mine was done at www.ipttrans.com. Another builder is www.levelten.com
For years I've detested automatics and I thoroughly hated the one in the N/A wagon. The issue was that the tcu was slow or unpredictable in shifting down. Then when on a curve and trying to feather the throttle it would shift up out of the power band.
When I first got the twgn 4 years ago the shifting was less frustrating, which I attribute to closer ratios on the lower gears and more torque. Then with each increase in torque since, the lag on the down shift on WOT has diminished. Even when it doesn't shift down there is enough torque to accelerate or hold hills satisfactorily. No unnecessary shifting is good.
Moreover, under aggressive driving the results are outstanding.
From a stop with WOT the launch is impressive and no finesse with throttle or clutch is needed. Just stomp and with a 50/50 split on torque front and back, front wheel pull requires some dedicatation to steering. I have yet to do a braked power-on launch.
When going along at about 20mph and flooring it the tranny shifts down 2 gears with no lag from the tcu and then at about 6000 it cracks off each shift on the way up.
Each shift (up or down) is done faster than I could do with a manual AND it does not require lifting of the accelerator.

Additionally, there is an electronic shifter that over rides the tcu, with push buttons for 1, 2, 3, and 4. There is a toggle switch to control lock up. This electronic box has yet to be installed.
There are compromises. The converter with a stall at maybe 2700 rpm spends more time "spinning" than one with a stall at 1500 rpm. This increases fuel consumption and adds to heat generation, but when in lock up this ends. Ample cooling capacity is a plus. At light throttle the shifts go "clunk", but are slick and quick on WOT.
The negatives are minor and positives are trouble free and very easy launches with ease of driving in the streets, particularly in stop and go traffic.