I have used the ATF but only in the Eds Red recipe for bore cleaning...
Eds Red-
1 part Dexron II, IIe or III ATF
1 part Kerosene - deodorized, K1
1 part Aliphatic Mineral Spirits, Fed. Spec. TT-T-2981F, CAS
#64741-49-9, or substitute "Stoddard Solvent", CAS #8052-41-3, or equivalent, (aka "Varsol")
1 part Acetone, CAS #67-64-1.
(Optional up to 1 lb. of Lanolin, Anhydrous, USP per gallon, OK to substitute Lanolin, Modified, Topical Lubricant, from the drug store)