Wheelman, I currently have a 4L60E torn down in bitty pieces on my work bench right now in my garage. The Suburban it came out of has over a hundred thousand miles on it, and the only thing I can find even a little bit worn on it is the 3rd gear clutch pack. Wife ran it low on fluid, and when it began slipping, she kept driving to get it home. The rest of the clutches, the bearings, the thrust washers, the Torrington bearings, even the reaction shell (which everyone says is junk) are immaculate!! I could have probably bought a $40 clutch pack, and $40 overhaul kit, and have it back on the road. Now, the tranny has a few weak spots, you spoke of pressure lack, well, sonnax makes a pressure regulator fix that keeps the cause of reduced pressure to never happen again, by using orings, rather than aluminum riding against aluminum, which will eventually wear the bore, reducing the pressure, a common problem. Mine looks fine, but I am replacing it. The reaction shell, I am replacing with "the beast" I am replacing all the thrust washers, even though the ones I pulled out are practically new. Only other problem I saw was the plate between the valvebody separator plate had dented quite a bit from the check balls. Guess what? Transgo sells a hardened plate that it won't happen to again on for $20. This tranny is IDENTICAL to a 700R4, all they did was change the valve body to electronically actuated valves rather than mechanical.
What you have been fed is an excuse by someone who did not fully understand why the tranny they slapped new clutches in kept failing.
PATC builds a 700r4/4L60 that is WARANTIED to handle 700hp and 700 foot pounds of torque.
They simply could not stay in business if this wasn't possible.
The parts are out there, Sonnax Transgo, and others have pretty much found every weakness in this tranny, and have addressed it. The aftermarket is ALWAYS doing this with EVERY design.
All that said, unless you are willing to open up the tranny yourself, a 2wd one is probably not worth having someone else change the tailshaft.