I installed a Range device on my new to me 2014 5.3L and other than looking on the dash to see it never goes in V4 mode I can't tell any difference.
I've had no problems with CEL lights or transmission shifting.
I did lose about 3 mpg around town, and I ran the battery down once after not using the truck for about 3 days(live and learn Doh!)
I think I'm going to alternate 1 tank of gas with it, and then 2 tanks of gas without the Range.
I'm a car guy, and I couldn't tell when my truck went into V4 without looking at the dash.
Not sure how you can tell if your transmission fluid pressure is surging as there is no readout.