trans swap...
The adapter mounting on the trans is the same pattern as the thm-350.to swap to an np-208,you'll need an np-208 to 350 adapter and a 4x4 700r,as well as an x-case input shaft suitable for a thm-350 output (27 spline).mind that the trans output-shaft length ("stickout")has to match.
i think that the 700r to np-241 adapter has the same x-case-side pattern as the np-208,but the trans output shaft length is different.if this is true,an np-241 adapter might make your lif easier.
or,keep the 700r and np-241 combo (passenger side drop) together,and put that combo in.i think they were found in blazers and suburbans,though only for 3 or 4 years.i believe the 241 is somewhat stronger than a 208.
If you like spending money...call advance adapters.
www.advanceadapters.com
they sell stuff to put any case you like behind a 700r.a browse through thier on-line catalog will give you a better idea on what you need.
or try here...
www.coloradok5.com
A few questions here can make the swap easier.