I installed Magnefine filters in my transmission cooler line as well as in my power steering pump suction line. I opted for these since they contain a donut magnet, to capture even the most minuscule of magnetic metal particles. When I read in several official tech bulletins that magnetic inline filters were required by the manufacturers as part of warranty transmission replacement at car dealerships, that tipped the balance sufficiently to get me to move on it.
The one manufacturer includes two different inline filters with the replacement transmission; they have you install the one filter, drive for a certain period, then replace it with the other filter, which remains in place from then on. This sounds like a perfectly reasonable strategy even on a non-failed system, as it would initially scavenge any microscopic metal and more substantial non-metallic debris particles out of the system, then a fresh, unclogged filter would take its place, to allow for maximum fluid flow for the long haul.
I've read of a few people randomly encountering weeping of transmission fluid from the threaded area on some Magnefine filters. Mine haven't done this, but as with anything manufactured, tolerance stacking certainly may occur. A potential ultimate solution to this possibility would be one of the billet Aluminum Magnefine filter assemblies which places like Summit Racing offer. The filter element is replaceable in these billet units. They look mighty sweet too!