[updated:LAST EDITED ON Aug-27-04 AT 11:29 AM (CST)]I also had an issue with the shift linkage; Bow Tie Overdrives sells a nifty little kit that will hook right up to the stock column shift.
I personally never had a problem with heat in my TH350, and I did a lot of research on the 700r4 after my first one (custom built by Bow Tie Overdrives) blew.
Everything I read said the 700r4 produced substantially more heat then the TH350. I have since swapped my radiator for a "Be Cool" aluminum oversized one with internal trans cooler as well as an external cooler with fan. The tranny would still heat up after long days of low speed hill climbing; to remedy this I bought the biggest dual electric fan I could find, and no more issues.
I guess it all depends on what type of vehicle it is going in to, a street truck with smaller tires that spends most of its time just cruising, or a 4x with larger tires that crawls along at low speeds.
After spending well over 3k on the whole thing (First custom built tranny, rebuild, radiator, cooler, fan, lines, lock up switch) I would NOT do it again, I would go with a 4L80E (a beefier, newer version of the 700r4, kind of like the th400 is to the th350). Even though the 4L80E is computer controlled and the computer probably cost a few bucks, it would still have been less than a re-build.
Another thing about the 700r4 is the tools necessary for set-up. A pressure gauge is a must have to set the proper TV cable pressure. After my first tranny fried, I spoke with several trans shops and they said while it is possible to set up the tranny without the pressure gauge, the likelihood that is set slightly off (which is impossible to tell without the gauge) is high and will cause excess heat.
-there is my novel, but with all that I went through on this I thought I might share and hopefully eliminate someone else’s headaches. The 700r4 is a great upgrade but my whole point is that to do something right there are a lot of variables and extras to consider, so why not spend a few bucks extra for something like the 4L80E and have a really cool setup, or spend the extra to have it professionally set up.
Another quick note: there are 2 different versions of the 700R4, I don't know off the top of my head how to tell the difference, but I think the pre 1988? ones should be avoided (I believe they have a weak housing). A little research on the net should provide you with the specifics on this.