it seems people confuse od and lock up alot. just because the od light is on doesnt mean that od is messed up.
od, if you have it, is normaly top gear. be it 5th, 4th, 6th... whatever is at the end of the pattern, it just depends on what you drive/if you have od at all. od is any gear that is less than 1:1.
newer cars with computer controled transmissions usualy have a clutch in the torque converter that locks up when certain parameters are meet, like mph, rpm, throttle position, temp, etc.
pushing the od off button does exactly what it means, turns od off, eliminates 5th gear. lock up still happens, just in drive.
i can feel most of the shifts in my explorer, being always paranoid of automatics, i pay attention for them. mine shifts into 5th (od) at around 40 most of the time, and i can feel the lock up happen ~45mph depending on where my foot is. the cool thing is you can get an idiot in there and tell them you have a 6 speed auto and they'll problly belive you.