I found this post about the rod being a shift point adjustment.
If the "kickdown" linkage (which controls upshifts as well as downshifts) is set too "loose", this will occur:
(1) The TF999 won't automatically downshift when you really depress the throttle, or it will take a very heavy "stab" at the throttle to get it to downshift; and (2) The TF999 will upshift too soon, and if really loose, you willl be in 3rd gear already before you get across the intersection.
If the kickdown linkage is set too tight, this will occur:
(1) The TF999 will downshift way before you want it to, sometimes just a little depression of the throttle (to increase road speed a little) will cause a fairly violent downshift that can cause problems if you're on a slippery or icey surface; and (2) The TF999 will upshift way too late, and if really bad, you'll have to get it up to 45 mph and then lift your foot completely off of the throttle to get it to upshift to 3rd gear.
So, to start off with, adjust the linkage so that just the "slop" is taken out of the linkage. Remember, there is a spring inside the tranny, so don't adjust the linkage so tight that you're pulling against the spring. After that initial adjustment, wrap a small piece of masking tape around each part of the linkage. then measure the distance between the two pieces of tape, and record the measurement.
Then test drive the vehicle. If your driving symptoms are such that you need to make the linkage tighter, stop and adjust the linkage so that the distance between the two pieces of tape is less. Only change he adjustment about 1/8-inch at a time. If you need to make the linkage looser, adjust the linkage so that there is more distance between the pieces of tape. Each time you adjust it, record the symptoms and the measurements.
Keep adjusting and test driving. It will usually take about 3 or 4 adjustments until you get an adjustment that you can live with. If you're really finiky, it may take 8 or 10 adjustments.
Also, keep in mind that extensive operation with the linkage set way too "tight" can cause internal damage to the tranny. So if it seems too tight, don't push it -- stop and re-adjust it as soon as you can.