I do not have a lot of experience with GP, but im working my way up. I have however been working on diesels and HD CVT transmissions for the last 2 years, and hears my 2 cents:
The reason not to flush an old tranny is that the material from the clutches has worn off of the clutches and is now in the fluid itself. A pan drop does not replace enough of the "dirty" fluid to kill the transmission after it is in this condition, because the remainder of the fluid still has enough friction material in it to grip and shift. A trans flush will completely remove all of the lost friction material (and probably clogs alot of the ports in the valve body IMO) and your clutches wont grip.
I have been told by GM for my 4t65 that at 75k the trans should be serviced (pan drop, filter change). after 100k, or "burning" your atf, your pretty much out of luck and you just got to limp it till it dies.
From experience...I never flushed the trans on my 3.4 impala, and against experienced advice i added lucas stop slip to it around 115k, and broke my imput shaft around 125k. Coincidence probably, but the main point is that it cost me 1800 to fix. Im pretty sure a TE performance tranny will run you about that much no including install.
My advice before this post turns to a book...dont add any performance parts or shift kits to this tranny, run it till it dies and then buy a new one with a new TC. Or sell the car while its still running and buy another GP in better shape!