2/3s referring to the maximum RPM in 1st gear.
727 Street / Strip Stage 2 transmission is based on HP rating.
Typically, comes complete with these components;
alto red racing clutches, kolene steels in stock front drum thats modified, TCI flex red racing kick down band, alto red clutches, kolene steels in rear clutch with modified apply piston, spring & metal spacer ring, 4.2 band lever, H.D. Band Strut, Billet rear servo, A&A Full Manual Valve body with Low Band Apply, Bolt in Sprag, lengthened sun gear, rear clutch, and rear drum, 4-pinion front planet & 3-pinion rear planet, Deep Pan, Kevlar rear band, acc., blocked spacer added,
90 # front servo, oil mods to case and components, babbit front pump bushing, new pump gears, gasket, and seals. With some minor variations.
This trans is good for 600 HP
Stage 2 Transmissions
I hope I've made this clear for you and less mystifying.