Would be interesting to know the reason the difference between the Diesel and Gas transmission operating temperatures and Thermal Bypass Valve placement.
While 200F may not be such a problem, I assume the Diesel transmission temps will operate higher than 200F depending on ambient temps, traffic and load conditions.
I expect the use of the Thermal Bypass Valve is to warm the transmission fluid up faster to help with fuel economy, they effectively keep fluid from entering the external transmission cooling circuit. Think of it as a engine coolant thermostat that will not allow coolant to flow to the radiator to allow for faster engine warm up. As the automatic transmission is concerned, I assume the Thermal Bypass Valve purpose along with the ULV transmission fluid it to reduce parasitic drag to improve fuel economy and along with the TCM probably makes minor adjustments to shifting again to help with fuel economy and also shift quality feel.
Do not know the exact behavior of the newer ULV automatic transmission fluid, as a general rule the higher the operating temperature and/or the higher the temperature spikes even for a short period can have a dramatic impact on the fluid and additive lifespan. The higher the fluid temperature, the shorter the fluid lifespan and the more frequently fluid services need to be performed. While some may think fluid temps around 200F are problematic, this is not really the case, but personally I would prefer the transmission fluid temp to never exceed 225F for the long term fluid reliability. In general I would personally recommend that you change your transmission fluid every 20-25k miles if you want the best lifespan from your transmission.
See this info for reference:
Transmission Fluid Lifespan Info
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