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You say the ATF tank is topped up to the top only fill to the level indicated on the dip stick. Also drain the system and refill with Shell AeroShell Fluid 4. If all is well mechanically this should fix your problem. I use this fluid in both my '80 Convert and Cali II Auto and since doing so I no longer have a slippage problem.https://www.shell.com/global/products-services/solutions-for-businesses/aviation/aeroshell/products/fluids-and-preservatives.html
If O-rings, think Brad has it covered.Is the problem 100% or does it come and go?Any smell associated with the slipping?What color is the hydraulic fluid, especially compared to new? Does it smell fresh or scorched?Have you ever repositioned the cooler or tank?Are the hoses all running their original routes?Have you ever removed and inspected the actual pump?Any chance the hose form the tank to the pump has collapsed internally?Could the cooler be plugged?Have you ever burped the lines?Have you ever inspected the pressure relief valve?Also, how is the clutch?Freeplay?Smooth engage/disengage or notchy feeling?
You seem to be covering the bases with your inspections. ;-T The part that is puzzling is that if you're not getting circulation, you ARE going to cook the fluid.
When you did the tank replacement, did you mount it back at the same place? Is there any chance you got hoses mixed up at the tank attachments?
WHAT IS THE EFFECT OF RUNNING WITH THE FILLER CAP OFF THE TANK? Is there any foaming?
Have you tried running with just enough fluid in the tank to cover the intake screen by about an inch (way below the 'add' mark)? When I moved my tank to forward of the rear wheel (long wheelbase bike) it became important to keep the fluid level as low as possible while still having enough to circulate and cool itself. More and it seemed to lose prime overnight and foam/pump out the vent at speed. For some reason having the cap on or off and having the cap o-ring installed or not made a difference. I finally found a fluid level that avoided all the bad stuff and performed well.
If you get into O-rings, the only shop I've dealt with that felt confident sending the right stuff was Moto International in Seattle. I've tried to get them from other shops and usually get asked to provide the part numbers. Don't try to match them with ace hardware stuff. There are micro differences in dimensions between guzzi's stuff and generic hardware stock. You can ask how I know or just trust me on this.
I think Tony sold me my last set of O-rings.
Remember that there's a circlip on the fluid drive shaft.On reassembly, there are four wrong ways to reinsert the tube. Be sure you have all your oil holes lined up. It helps to use some witness paint or peen marks to index the location -- or just note the holes in the tunnel and the holes in the tube. Also, keep track of the five bolts you took fromm the flange. They go into blind holes. Substituting longer bolts can make for problems.
Yes, I've done the o-rings. I pull my gearbox with the engine in place. then I pull the fluid drive section free of the gearbox, remove the 5 bolts on the 'tube' flange and replace the shaft O-rings, the bearing seal and the flange o-ring. Pretty straightforward. Remember that there's a circlip on the fluid drive shaft.On reassembly, there are four wrong ways to reinsert the tube. Be sure you have all your oil holes lined up. It helps to use some witness paint or peen marks to index the location -- or just note the holes in the tunnel and the holes in the tube. Also, keep track of the five bolts you took fromm the flange. They go into blind holes. Substituting longer bolts can make for problems.