I'd be a little gunshy on trying to restrict the bypass ,but still have enough flow to the cooler to handle a high heat situation,like say you were towing,and hit a long hill.The tranny pump doesn't have alot of gpm flow capacity from what i can tell,and if you have a controlled leak through the bypass that works while under light load,that controlled leak might bite you in the ass,when the transmission has to start working harder,and the pump might not have enough volumne to feed both the bypass,while still sending enough fluid through the cooler to keep heat under control.It'd be a fine line on a replacement plug that allows a controlled leak to feed both the bypass and the cooler,especially once the fluid starts getting thinner as it gets hotter.The thinner the fluid,the more fluid that'll be fed through the bypass,and won't make it to the cooler. Honestly after looking things over and seeing how the fluid is routed through the unit,i think removing the thermostat and installing the plate is probably the best solution. It's also very easy to reverse if you have to return things back to stock for a warrenty claim.That's just my opinion though,lol.