'64 Trans & Radiator Issue

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qtband
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Aug 1, 2012
First a little background.
12 years ago, my father-in-law parked his T-bird in the garage because the brakes went out. Recently, he said he'd like to drive it once more before he dies. Great, huh? Anyway, I started by giving it a complete tune-up, rebuilt all the wheel cylinders, and replaced the master cylinder. While changing the master cylinder, I saw a large puddle of transmission fluid under the front of the car. It was coming from the bottom of the radiator. When i checked the transmission fluid, it looked watery. Now, we have only started the car so far not driven it. Am I correct in thinking that the cooler line running in the radiator broke, or corroded, and radiator fluid contaminated the transmission fluid? Is this why I might have water in the fluid? The bottom of the radiator is cracked & that's where the fluid is coming from.
If so, I plan to replace the radiator and drop the trans pan and replace the filter and all the fluid before we attempt to move it.
 
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