In a non-computer controlled setup, the torque converter lockup is signalled to lock up as soon as the transmission shifts into overdrive. The only delay is the time it takes for the lockup valve to operate.
If you are having lugging problems, it probably is one of two things.
1. The transmission is shifting into overdrive too soon. This is not a lockup problem but a shifting problem. Your TV linkage may not be adjusted right, or you may need to get a different governor or modify the springs and weights on the governor.
2. You might get some relief by using a vacuum switch in series with your brake switch in the lockup power circuit. The vacuum switch only allows lockup electrical power to the valve when the vacuum is above the set point of the vacuum switch.
The brake switch is a factor too when slowing, as it unlocks the converter when you hit the brake.
TCI Transmissions has a lockup wiring kit that includes both. The vacuum switch is adjustable too.
The other thing I found with the 200-4R installation in my 67 Nova is that there is a small difference if you connect the vacuum switch's vacuum line to the "ported vacuum" port on the carb. This will unlock the converter when the throttle is closed.
My Nova has a 350, pretty stock, but with a mild "RV" cam. It has 3.36 rear gears, and pretty short tires. My car is not "happy" when it's below 25 mph in o/d, locked up or not. It kind of "chugs" sometimes. I just pull the shifter back into 3rd gear and all is fine in those situations. It accelerates from a dead stop quite smoothly all the way through o/d and lockup, even with a miminum throttle position. It just doesn't like 25 mph steady with it locked. I have a GM vacuum switch on mine (not adjustable). If it was adjustable it might or might not help.