I have a c4 in my '34 pickup with '53 Merc engine. If you put it in either low or reverse at 1000 rpm it will bang really hard. Mine actually broke the drive shaft, which had been welded very poorly when it was shortened. Fortunately it broke at the transmission end so I did not have a drive shaft flailing the undercarriage.
I lowered the rpm to fix that problem and always warm up the engine to get the carb off of fast idle before putting it in gear.
I am no C4 expert, but here is what I found: "In almost all cases, symptoms such as yours are caused by a vacuum leak. Look on the passenger's side of the transmission and insure the rubber hose from the steel transmission vacuum line and the ******'s modulator valve is intact and not leaking or slipped off. That small rubber hose is frequently compromised by transmission fluid, oil, and anti-freeze over time and becomes soft and stretched to the point that it is not getting a good seal."