Once upon a time, water heaters were made without pressure relief valves AND installed right in the bathroom adjacent to the bath tub. My mother nearly died as an infant in the early 1930's when her mother laid her next to the water heater to dry/ dress her. The water heater consumed all the oxygen in close proximity and my mom turned blue and stopped breathing. My grandmother's screams brought my grandfather up the stairs 2 at a time, so the story was told to me. Mom spent a few days under an oxygen tent in the St. Joseph's Hospital in Downtown Houston... and survived well.
Although high temperature transmission failures certainly don't present as hazardous to human health, the point is: What was once accepted engineering was changed for a variety of good reasons. So, just because a dial face shows a range of temps doesn't mean much.
And, yes, there IS a sort of "conspiracy". That being to make vehicles much shorter in life span to force consumers to buy new cars.... after all, those folks want to keep their jobs!
In summary, trans fluid will work happily in the 150 degree area and last for a VERY long time.... and not char-broil your tranny before it's time!