Does it only happen on first start up after sitting overnight? It is fairly common for the 727 to have "converter drainback". This happens when the car sits for an extended period of time and the fluid leaks (drains back) out of the converter and back to the pan. When you start the car and put it into gear, there will not be enough fluid in the converter for the car to move for a few seconds, and it might "growl" a little too.
The factory 727 does not pump fluid to the converter when it is in "Park", so you need to put it into "Neutral" for a bit right after starting. This will quickly fill the converter, then you can put it into gear and all should be fine. If this sounds like your problem, then it is nothing to worry about, it is common and doesn't hurt anything. It's just a little annoying on first startup is all.
Another note, you didn't say but I hope you replaced the filter also when you changed fluid. If the filter is partly clogged, it will slow down the filling of the converter as well, and possibly cause line pressure issues which will affect gear engagement as well.