No progress on fixing the leak, but I did confirm it is the trans leaking. I put about 800ml of fluid in to top it off, one 60 ml seringe at a time.
The leak is coming from inside the bell housing so it's looking like the trans has to come out. With the transfer case and all, looking like a bigger job than I feel like taking on. Add what happens when it's out, not much experience with autos.
I have learned the transmission is a 5R55 which is the same style as the mustang. I don't think you can swap an Explorer Transmission into a mustange or vice versa. The explorer is a 5R55W and the mustang is a 5R55S, I think the S is the manual shift mode in the mustang.