...if you think about it (which I have long and hard), it almost makes the most sense to have it in the pan. Wouldn't you want to know what the temperature is that's getting ready to go into the tranny and through all the parts? Honestly, after it leaves the torque converter...you would think, who cares what the temp. is...
I think I understand your reasoning. It makes sense. I, however, have a different view.
The reason I want to install a trans. fluid temperature gauge is to check the hottest oil temperature. The reason I wish to monitor the hottest oil temperature is because heat is what causes ATF to break down. ATF failure is what causes transmission failures.
In other words, I don't care about the coolest temperatures. I care about the worst case temperatures. If the oil is going to break down, it's going to break down from the extreme heat, not the averaged out pan temp.
I feel the same way about engine oil temps in a turbo environment. I've been told by people I trust, and I certainly believe them, one of the main reasons turbo engines don't last as long as N/A engines is because of oil break down.
A friend of mine has managed to get 1000+ hp big block GM engines to last a good while bolted to jet pumps and cranking out high RPM and big power numbers for indefinite periods. He managed to track down his cam reliability issues by watching the oil temps at the hottest place. This caused him to discover that he needed a huge oil cooler. Larger than was available, in fact. He has huge coolers custom made now and his reliabilities have gone way, way up.
.... just another perspective. No disrespect intended.