AOD performance will differ depending on what vehicle it came from.
AOD shift points are controlled by a little valve called a governor. It is bolted onto the tailshaft, inside a little separate housing that comes off. It operates based on hydraulic pressure and RPM. There are three versions of the governor:
Low speed (WOT shift at 4200 RPM). E8AZ-7C063-A. These came in "low po" 302-powered cars like the Crown Vic, Grand Marquis, and Lincoln Town car. An AOD with this governor will shift before you can blink and drive you nuts. I bet anything that AOD in Rebel Racing's car was this version.
Medium speed (WOT shift at 4500 RPM). E2AZ-7C063-B. These came in trucks.
High speed (WOT shift at 4900 RPM). E8ZZ-7C063-A. These came with HO 302 cars - Mustangs and Lincoln Mark 7. This is the one you want. Unfortunately it is completely obsolete from Ford. I tried hard to get one and it was unobtainable. Finally found one on EBAY.
So you can make sure that your AOD comes from an HO car, or you can get a good AOD from whatever car and swap in the HO governor. The good news is, it's a really easy swap.
This thread has info on the swap, specific to Crown Vic/Grand Marquis. It can be done with the trans in the car. I did it on my 89 Grand Marquis, which I converted to HO specs.
{transmission} AOD Governor swap.
Another option is the Transgo shift improver kit, available from Summit. This will bump your WOT shift up to about 5500. In addition to the governor mod, it includes a valve body mod. I have not done this but I hear good things about it. And it's only about $50.
All that said..... Automatics suck! Put a T-5 in it.