Couple of more points I just wanted to add (as someone who bought my GMT800 - 04 Suburban 1500 - specifically to tow a small trailer):
1. As others have said, the 1500 'Burb/Tahoe and non-Denali Yukon did not come from the factory with a transmission temp gauge. I'm ASSUMING that the rare 06 LTZ version (that had the 6.0 V8) did come with one, since the Denali, Escalade, and 2500 models - all with 6.0 or 8.1 V8s - came with the trans temp gauge. As I understand it, the trans temp gauge is linked to whatever engine the vehicle came with: 4.8 or 5.3, no trans temp gauge, 6.0 or up (this includes all Escalades, Denalis and all 2500 vehicles) had the temp gauge.
The good news is that the sensor is already there so if you just add an instrument cluster with the gauge, it will work. My instrument cluster went out last year and I had it rebuilt by the folks at Circuit Board Medics with all new stepper motors and green LEDs, and for an extra $100 they added a trans temp gauge (far left in this picture.)
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2. I believe the tow package also included the 145a alternator. I would definitely recommend upgrading the alternator if you haven't already. It's an easy job and well worth the extra power. I'm running two batteries and powering a refrigerator in my truck so I need all the power I can get!