The 1990 model 700R4 I transplanted into my old '81 I used to own had a quirk like this. Once in a while, especially after towing hard, OD would disappear. It would stay in 3rd, and pulling the lever between OD and 3rd made no change. However, I also noticed the same symptom as you when coasting to a stop, that it acted like it actually was in OD, in that if you pulled the lever down into 3rd, the rpms would jump up like you were downshifting.
Sometimes it would go for several days like this, and then all at once, OD would reappear. It was really odd. But it would only happen to me after towing hard in 3rd for long periods of time. I assumed at the time that something was getting hot and lodging into place in one of the valve body passage ways.
Sorry, I never did figure it out, and then I sold the truck. The new owner ended up rebuilding the tranny shortly after he got it from me.
But, you're not alone, as I had the exact same symptoms. I don't think it's a TV adjustment issue. Mine was perfectly adjusted, and the symptoms would come and go with no change being made to the TV cable.
After reading your first post again, I think we have something in common: you said yours acts fine until it warms up. Mine would only fail after towing hard. I think there is something inside the valve body or servo that is heating up and lodging in place. What that is or how to figure it out, I'm not sure!
Casey
1995 K1500 Tahoe 2 door, 6.5LTD, 4L80E, NP241, 3.42's, 285/75R16 BFG K02's; 1997 506 block; Kennedy OPS harness, gauges, Quick Heat plugs, and TD-Max chip; Dtech FSD on FSD Cooler; vacuum pump deleted, HX35 turbo, Turbo Master, 3.5" Kennedy exhaust, F code intake; dual t/stats, HO water pump, Champion radiator; Racor fuel filter