Hmmm. The dipstick can be very difficult to read, it may take repeated measurements. It's unlikely to be overfilled, but if you confirm it's at MAX when cold, it should go above MAX when warm or hot. Do you recall how many quarts you put in at the last ATF change?
The 722.3 is fully mechanical, there are no speed sensors to cause shift problems. That also means, no fault codes for the transmission.
Assuming the shifts are good without any flaring or harsh engagement, I'm still suspicious of a valve body problem. If you had a clutch or band problem I'd expect the problem to be persistent, not intermittent, but it could still be something wonky with one of the bands. I don't know the internals well enough to speculate which band, or how to try and fix it...