I'm just finishing assembling my 727. It's the first time I've ever rebuilt a 727, so I'm not sure what to expect during an air-check. I air-checked both clutches before I installed them in the transmission, and they seemed OK, although I did hear some air leaking. Moving the clutch assemblies around on the shaft seemed to change the sound of the leakage and even nearly eliminate it, but at 40 psi, the "clunk" of engagement was pretty light. When I upped the pressure to 70 psi, the "clunk" was much more pronounced, although I could still hear some air leakage. I'm using Teflon rings, which I hear are difficult to get to seal properly, so I removed them and replaced them with the old steel rings. At that point, the air leakage was reduced and I could get the clutches to "clunk" at the lower pressure (about 40 psi). I was satisfied with this until I installed the inards of the trans. and the pump. When I did the final assembled air-check through the case, I got an even lighter "clunk" from the clutches.
I'm pretty sure I assembled the pistons/clutch packs correctly, and I've replaced all the bushings and experimented with different rings to get better sealing through the shaft. I can definitely notice a difference at higher pressures (higher pressures give a stronger "clunk" and reduce the air leakage sound).
Do you guys think I'm OK? I wasn't expecting to hear air leakage, and I thought I should get a stronger "clunk" at lower pressures. But, like I say, this is the first time overhauling a 727, so I really don't know what to expect.