You're going to have a SMALL amount of slippage with each engagement. For an answer, "it depends".
No slippage means the plates in the clutch pack are going to bounce and jolt until they firmly engage.
A small amount of slippage means they'll slap together, stay together, but slip just a little while the rotational speeds of the various shafts change as a result of changing the power delivery path in the transmission.
Too much slippage...I believe you're absolutely right. Buttery smooth shifts, but possibly more wear.
It all depends on the friction modifiers in the ATF. That's why I use the Lubegard Black with the MaxLife. It seems to give just the right amount of firmness to each shift. However, I have never used MaxLife without the Lubegard, so I can't give you a good answer on shift quality without the additive.
funfinder4 used MaxLife w/out additives for a number of years while towing his camper each Texas summer (I can tell you that towing a similar camper for only 25 miles while using my 2002 EX with only Honda coolers still gets the ATF way, way hot, even on a cool evening). I mean, even with a Hayden 678 cooler inline with another tube-and-fin cooler,
funfinder4 saw 260-deg F (127-deg C for our metric friends) routinely. He would be a good guy to PM and ask about shift quality using straight MaxLife.
OF
P.S:
Laphroaig said:
Mobil Super is 30$ for 5 liters...
For some reason, I thought $6 per L was high...but there's the exhange rate, and a litre has more volume than a quart...so it's a reasonable price after all.