Having been through a transmission failure I'll add my comments. You cannot see if there is water in the fluid by looking at it. When my transmission was over heating, I stopped by an Allison dealer to have the fluid level checked. The fluid was so clear that the tech had trouble seeing it on the dip stick. Maybe if he had drawn out a cup full he could have seen the water content. You would be really lucky to catch the water problem with a fluid analysis. It only took a few hundreds miles to destroy my transmission, so you would need to analyze your fluid every few days on a long trip to catch the problem.
The best way to tell if you have a water problem is to be aware of your transmissions temperature. I first noticed that I had a problem when my transmission temperature went to 205 and stayed there for a couple hundred miles. I knew that was high, it always ran at 195, except for long down hill braking. Sometime after, the temperature went to 135 and stayed there. Even thought a tech said my fluid was clear, I should have stopped at the 205 and not proceeded until I had the fluid analysis, at that point I believe we could have saved the transmission.
My advice:
Monitor your transmission temperature at all times, know what normal is for your coach, stop and have a fluid analysis if the temperature is even a little over normal for an extended period. Do not move until you get the results.