Sorry to hear about your exploder! I would have to say that the black smoke means that you are running rich. Do a search on O2 sensors, and fuel pressure regulators, This has been many a subject of many messages.
The shield you are reffering to is a heat shield.Its purpose is to block some of the heat from the converter from the transmission. try to work it back up into place.
As for the oil on the heat shield and trans, Is it trans fluid or is it engine oil??? If you can determine that it will be easier to help. But the guess I have on that is its probably engine oil, which could be running down the back of the engine from the valve covers, which would mean it is time to replace the valve cover gaskets.
Hope this helps,
Fresh
"The only substitute for good manners is fast reflexes"