more links below.... these folks sell parts and service for the paragon transmissions
they have always helped me when I had questions.
one thing I can tell you for an absolute certainty, is that you NEED to use a type F trans fluid in it, or you will have problems.
all other modern trans fluids have friction modifiers in them so things will slip easier and keep the auto shifting from being harsh.... the paragon is NOT automatic and needs to lock up without the clutches from slipping and causing heat.
the only reason trans fluid is used in it is because type F it has the correct viscosity, the right properties, and it used to be much more common.
I had trouble with mine boiling the oil after about 30mins of WOT while in gear... all the bearings and clutches were good, and when doing the research I found the problem with the oil....the local westerbeke dealer said dex3 should be no problem, but he was wrong.
after switching oil and flushing it 3 times, (run it til its hot and then drain... then do it again 2 times more) the trans now runs at only 160degrees in the summertime, even after 4-5 hours of WOT running up the river.
(you only need to be tied securely to the dock and power against the dock lines for testing)
these outfits helped me solve the issues i had...
http://www.glpower.com/
http://www.marinegears.com/