There is a nitrile rubber seal around the torque converter. This seal keeps the oil flowing back from the torque converter within the gearbox. ATF enters the torque converter through the center stator shaft under high pressure and there are 2 metal seals there. Once it runs through the torque converter, it exits in a ring around the stator shaft. So when the oil is older, its viscosity goes down and the ATF flows with less "resistance" on its way back to the sump. The biggest fear with changing ATF in older trannies is the possibility of busting this seal. With age, the seal starts to sag and as the oil does have the same flow pressures caused by thinning, it does not leak. When new oil is introduced, the viscosity suddenly goes up.
At the shop, with every ATF change, we pour in a bottle of Lubegard ATF protectant that has some seal conditioning chemials to keep the seals soft. This helps to prevent any failures in transmissions. There are also a shit load of large diameter O rings in the clutches within the tranny too but i have yet to see these fail as they predominantly work in oil and thus have super low wear rates.
As for oil change intervals, i practice 40k km between ATF changes. with this frequency, i just drain the sump and refresh the oil. I have seen cars run upwards of 250k km without failure so far. Its is hard to quantify the additional "mileage" new oil gives but personally a lot of it has to do with driving styles.
cheers
BTW, the ZF trannies are designed with a 100k KM service life and that is their MTBF. So all they ask of the oil is to last the same amount of time.