100%. My auto teacher (who worked for GM for 10-20 years, worked as an engineer for Merc-Benz) runs it through his diesel pickup and little gas turbo Sprint every once in a while to clean up the insides..gas lines, injectors, etc. Both have 300,000mi+ on them. Also, keep in mind that in auto trannies, you cant get any buildup in the narrow oil valleys else it wouldnt work, shift right, etc., which my guess, is why they have such high level in detergents, to make sure it stays clean.
Whenever I get a car in for repairs at the dealership, I check the PS level, which also is more often than not, ATF. While doing so, I drip some on the reservoir, which is always dirty because of the vent on the cap and regular engine bay juck, and wipe it down. Literally looks brand new, gets all the crap off. Ran some through the DD and although I didnt notice too much of a difference, I think it did get a 1% increase in efficientcy :biglaugh:
ATF can run through engines without problem, as it burns ashless and only leaves behind a minor harmless oil residue. When I'm bored and have no work, I dip my mentor's tools in ATF and it takes all the years of shit right off, looking brand new and shiny. I have personally seen it work, and yes, it does work, I'm not making anything up