305, 327, 350 with later 700R4 and plan to swap out the NP200 for the NP205. Find a 37x13x16 Swamper or Bogger and run stock wheels (...awaiting the lockring nay-sayers...) and you'll prolly be pretty happy with the result. If you're not going to regear and don't want to do a spring over lift, this is larger tire, no clearance issue, upgear via tire, and somewhat down and dirty to making the truck streetable.
700R4's got a bad rap early on but later ones had the issues resolved and proved to be a good tranny. The NP200's can only take so much speed since they were M37 designed at like 40 - 45mph max. 1 in 10 will run cool at the 55 - 60mph and the other 9 will cook the seals and leak oil.
Whatever your V8 preference...just make sure to get some kind of overdrive if you want the truck at stock height. If you're in love with TH350's or TH400's or any 1:1 high gear manual... then do a spring over in the front, rear perch only shackle reversal on the rear packs and 2" tapered block and slap on 42's to make up for the no overdrive difference.
Here's a comparison that was fun in my M715 builds. Stock 5.87's, 3053 overdrive, 37x13x16 Boggers VS 6.72 geared Rockwells, same 3053 trans, 1100x20 (42x11x20) X-tra Grips. Less than 50 rpm difference at speed between these two set ups with that large gear span just because of the increased tire diameter.