They can run much longer than that. The shops rarely do, they use the most generic terms like, your trans is shot and need a new one, instead of giving specifics.
It could have been something as a faulty electrical connection, a sticky check ball or valve or worse like a busted sun shell.
If you are on the SilveradoSierra forum, look up Nick @nicktransmissions and ask him. He's our resident transmission guy and is very helpful. He has a shop in Nevada.
What all was needed to swap in the 4L70?