Old thread but hafta reply:
As a former auto trans test engineer, I can say there's a lot of misinformation out in the world. It's nobody's fault, it's just what we've been fed over the years and we regurgitate it.
Both are hydraulic fluids with ATF having friction modifiers (for the clutches), detergents and additives for rubber seals. As I understand it, PSF is a non foaming SAE 20 hydraulic oil.
We've had this discussion before and the argument will go on ad nauseam. My personal experience from when I used these cars in high mileage daily driving and Chrysler specifying PSF will keep me from using ATF. PSF is cheap and easily available. I can see no logical reasoning not to use it.
Yes - ATF is formulated for a vastly different purpose than PSF - ATF's greatest purpose is to have proper qualities for clutches to perform properly, and with good lifespan. How the ATF treats seals and bushigns/bearings is important, but meaningless if clutches cook prematurely. PS has no clutch material, and therefore PSF is formulated for the job *it* has to do. And likely with far fewer detergents as there is usually no filter in the PS system.
The 1.06 PS pump runs at very high temp. Regular ATF boils, which cooks the seals. They simply melt down. Consequently, the pump will start to leak. Mopar Power Steering Fluid can stand higher temperatures than ATF.
Dexron III has a boiling range of 546° to 1139° with a flashpoint of 376° and a auto ignition point of 599°. You have one kick *** power steering pump. Lol. Above 300° at does start to degrade so it is a thought. I have always used atf but I do not have anything but Saginaw PS pumps and if I get a car with any other style I would change it first then put new atf in it.
I find it difficult to believe that a PS pump is generating enough flow, or the gearbox enough restriction, to get the fluid hotter than what a torque converter does. Even if so, I am skeptical that it is boiling. You may be seeing entrained air, but that is *not* the same thing.
I think it starts to degrade at lower temperatures than 300°. From what I've read, it starts degrading and forming varnish on surfaces at 240°. By 300°, it's cooked.
Degradation of fluid is a function of temperature
and time. Consider that the fluid temperature in your torque converter is always notably higher than the 'measured' temperature, which is generally recorded in the sump. If we were to measure temperature somewhere other than the sump, that temperature chart would have all of us taking a taxi straight to the oil-cooler store to put a 30k GVW cooler on our cars.
In my younger years I saw similar charts and thought if I could get my trans down below 175 it would be such a great thing. But years later, after working with knowledgable people (sorry txchange.com) I learned you don't want your fluid running that cool, as it's not in its intended viscosity range to perform its job to its best ability. Too hot is not good, but cooler is not necessarily better.