The TV cable took place of modulator. Does your truck have the vacuum modulator? If the diaphragm was busted, the engine will smoke from all of the trans fluid that will be sucked into the engine from the vacuum. If the TV cable were out of adjustment, it would cause worse symptoms than you describe.
When the throttle is pressed harder, the throttle valve in the trans stays open longer, and the trans shifts only on pressure. It will do this through all gears if adjusted too tight. Also used for downshifting, will never downshift if too loose. If the TV is out of adjustment, the trans will still shift, but the timing will be all out of wack. Like the modulator, the TV controls the timing of the shift. Firm shifts at higher RPM when accelerating rapidly, and soft shifts when just driving along.
The governor, controls if the trans will shift at all, not when it happens. If it is clogged or dirty, you will have a hard time getting the thing to shift.
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