The 5r55e in the Rangers and explorers aren't known for reliability. Personally my light flashed at me last week going into 5th. Got the code pulled and it was incorrect gear ratio. When I restarted the truck the light did not come on. That being said I drove it on the interstate afterwards and it shifted into 5th fine. Was advised that likely one of the balls or springs stuck causing the code. Was told to drive it and don't worry about it unless it happens again.
By the OD light not coming on anymore manual it may be of concern, does the trans shift into 5th fine on the road? If it does, don't fret about and drive the damn thing. If not then you might need to get it rebuilt for ~$1500 or replace with a lower mileage trans from a junkyard for $300-500.
Personally I'd drive it till the thing blows.
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2006 DSG FX4 SuperCab 4.0L SOHC V6, 5R55E, vinyl floor boards 31" AXT's on DSG Alcoa's. Cranked T-bars to level.
"Education is what you get when you read the fine print...Experience is what you get when you don't."
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