More friction modifier means more slip.
Lubegard black and friction modifiers in ATF make the clutches slip more, especially when very very close to engaging fully.
You can see this in the graph on the Lubegard site.
http://www.lubegard.com/images/HFM_Legend_Expanded.gif
These graphs show friction decreases as clutches come closer to fully engaging with Dexron, ATF+4 and Lubegard added to Dexron.
Contrast this with Type F. Friction increases as clutches get closer. See article
http://www.studebaker-info.org/PDF/44_TN4_8.PDF
Why reduce friction? Shudder can occur more easily if friction increases as the clutches get closer and closer to fully engaging as with Type F. You may feel shuddering as grab-slip-grab-slip. By reducing friction when very very close to engaging, you get some slip but not grab-slip. So no shuddering felt. The whole system should be designed to work with the correct fluid. Transmissions designed for Type F do not shudder. Lock up torque converters are more sensitive to shudder than most other clutches in most transmissions so new transmission fluids with FM's were developed when lock up torque converters arrived. However, more friction modifier is not always better. Slip can occur.
94 Accord owners manual calls for DexronII which is not available and has some friction modifier. Only later Hondas from at least 1996 to 2010 called for Z1 which is highly friction modified, which means has more friction modifier than any Dexron.
One way to classify friction modifiers in ATF is None, Some, High.
Type F: none
Dexron (any type): some
Mercon V: higher than Dexron
ATF+4 or +3, Honda Z-1, some other manufacturer specific fluids : high
However friction modifiers do reduce friction and increase slip. Slip means rubbing and wearing of clutches. Too much FM's can be bad. And some Honda Acura owners have even resorted to using Type F in their auto transmissions. They claim less slip, no shudder, and less clutch dust on the drain plug magnet. I hope this will pan out as some Honda Acura transmissions tend to fail early and often.
http://tl.acurazine.com/forums/showthrea...ighlight=TYPE+F