As long as you quickly prevent the shudder by pressing the OD lockout switch like you did, you can drive it a long time like this as many have done so.
You will probably only experience the shudder when going uphill in 5th with the TC locked up.
When you do get around to upgrading to a better torque converter, get a good one like the SunCoast or one of the others some members on here have had good reports on.
You don't want to do it but once, so get a good one that will hold the torque of the engine.
Also plan on replacing the front pump assembly while you got the transmission out; there are several wear items, plungers & bores, that get worn out and cause problems with age.
Many also install the TransGo Kit at the same time of updating the TC to help firm up the shifts and it raises the transmissions line pressure to help hold the TC clutches firmer when in 5th gear overdrive with the TC locked up.
I personally have two SunCoast TC's, one in my Jeep and the other behind the Cummins in my Dodge. They are the Cadillac of TC's although they are pricey.
Need more guidance on upgrades, just ask, there are many good members on here willing to advice who have been there, done that.
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Supporting Vendor and Moderator of LOST05 Jeep Liberty CRD Limited
Ironman Springs/Bilstein/Shocks
Yeti StgIV Hot Tune
Week's BatteryTray
No FCV/EGR
Samcos/ProVent
SunCoast/Transgo
Carter Intank-pmp
2mic.Sec.Fuel Filter
Flowmaster/NO CAT
V6Airbox/noVH
GM11 Bld.fan/HDClutch
IronrockArms/wwdieselMount98 Dodge Cummins 24 Valve