I've read so much information and different opinions on here and the internet but haven't come across a basic explanation yet. I would like to understand the purpose of a lockup converter as opposed to a non lockup. What's the point of each? Is one better than the other and why? Is one more for racing and the other better for longevity and economy? I am looking for a basic understanding but haven't been able to find it yet with the searches I have done.