Dex/Merc is what I used last time... Mercon V is good too if you can find it (but isn't strictly required unlike in later applications). Do not use Type F or Mercon LV!!!
Specifically I bought 3 gallons of Valvoline Maxlife Dex/Merc. The TC does in fact has a drain plug... hidden between flexplate bolts (there's a cutout in the flexplate for it).
I think it took 10 quarts with the TC drained.. so 2.5 gallons, but it was cheaper to buy 3 1 gallon jugs and only use half of the last than to buy 2 1 gallons and two separate quarts. Gotta love bulk walmart pricing.
1984 F150: 300 L6, AOD, RWD. EEC IV / TFI, Feedback Carter YFA Carb. Stock everything but radio (for now).