You need to establish a few things:
1. Is the ATF level is correct and is the shift cable is adjusted correctly?
2. If you disconnect the AGS, is reverse and 4th gear ok and no issue with reverse in N as per the 740i AGS?
3. What happens when you put the lever in 4,3,2?
4. That the Rheingold kit is designed for the E34. The system is ADS, not OBD
I would be very concerned that the gearbox is engaging reverse when it should not be. Apart from the fact that it may feel like you are driving with the handbrake on, there is no way of knowing if it is engaging reverse at the same time as forward gears. But if it is doing that, it will self destruct in a very short time.
Oct '00 E46 330i. Feb '92 525i (departed)