Converter flashes too low
The converter is simply tight for your combination. On the street with the tires spinning the converter is doing nothing different than it is at the track,,, you are making more RPM's because the tires are spinning, make sense? And conversely at the track the engine is actually bogging because it is trying to launch the car below it's power curve because the tires are sticking.
When a company advertizes a converter to produce a given stall speed it is based on some constants or standards. That being said the likelihood of your powertrain being able to replicate those constants is very slim. Converter companies know this and that is why many if not all of the converter companies I know of will restall a converter for you... once installed in your powertrain and you determine where it is stalling you can then determine where you want it to be and convey that to the converter manufacturer in order that they may make the necessary changes.
As previously stated your engine is simply not producing enough energy to enable the converter to reach it's advertized max stall speed. So you have two options.... change the engines energy output or change the converter.
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Well... I do spin tires in 3rd gear
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I think I'm gonna leave everthing the same for now, because I'm trying to save up for a cam swap.