My original tranny has worked flawlessly for 60,000 miles and over 1000 quarter mile passes. However I just lost engine braking a few weeks ago exactly as you described. I have every cooling mod you can do (largest custom B&M cooler you can get, remote filter, frequent fluid & filter changes, Mobil 1 ATF, deep pan). My temps never got over 180 drag racing, and never over 140 cruising. Once I lost engine braking my shifts stopped being as good and my TCC Lock was weaker.
I drained the pan last night and the fluid was totally cherry. I unbolted the pan (what a bitch with the Derale tubes blocking access to the bolts hidden by the rear tranny crossmember) and found lots of metal debris. The magnet was like a porcupine filled with "fool's gold". Whatever controls engine braking evidently shattered.
I cleaned the pan and put new filters (tranny & remote) in and new standard Dexron III (not Mobil1) fluid. Now the tranny shifts better and the TCC lock is much improved. My engine braking is still gone and I expect the tranny to fail within the next month, counting on a rebuild over winter. Since I put the new fluid in last night, I went drag racing tonight and set a new record for fastest Syclone on stock turbo. So it is possible for the tranny to last a while yet.
Hope this helps,