I'd sure like to find out the reverse related parts for a rebuild, mine has the dreadful 2 second delay now. Not sure how I wore out reverse.
Elbow deep in the GVZ 5-10K right now....we just freshened up the upper motor with new valve covers and gaskets, chain rails, cam seals, front cover etc. etc.
I have that tranny seal kit and I guess we can wait until the tranny is off to see what I need to order if I can't find a parts list....I'll be sure to make one from my rebuild and share.
The reverse delay can be nursed for quite a while, if needed. My car currently has 144K on it, and I first noticed the reverse delay around the time I moved to Texas in late 2008/early 2009, when the car had ~100K miles on it. I've been nursing mine for pretty much 10 years. I have about a 1-1.5 second delay. I try to minimize how much I use reverse, as much as possible.
For example, I park my car so that it can be driven forward out of a parking space (if applicable), and back my car into my garage after driving it so that when I start it up cold the next time, I just have to pull forward. I also try to engage reverse only when the car/transmission is warm (fluid has circulated and is up to temp) rather than cold reverse engagement.
So, you can live with it for a long time. I've been tempted a couple of times to proactively remove and rebuild the transmission, but have always prioritized other jobs since it seems to keep soldiering on. Of course, when it does fail I'll have to take care of it right away.
If your transmission has any external leaks, then it is a good time to rebuild it at the same time you re-seal the outside. When I did my Engine Bay Refresh job last year, I did replace my transmission overload protection switch, as I had a modest ATF leak coming from that opening. That solved the leak that happened every time I drove the car (I'd say I would have 8-10 drops of ATF on the floor every time after driving the car).
I still have a very very small external leak (it doesn't drip every time I drive the car, but I have noticed TWO times since last September a drop or two of ATF on my garage floor) that I don't know where it is coming from, but it is certainly an external seal that needs to be replaced. But at this point it is not at the level that is alarming or that I feel I need to pull the transmission to fix. But, I do monitor it closely.
Cheers,
Gerry