I don't know a whole lot about transmissions, but the transmission guy I spoke to about a 700r4 said that he takes 700r4's out of trucks and puts TH350s in them because they're so much tougher.
One thing that surprised me reading this thread is that if I'm cruising at 70 mph in my TH350 equipped C10, I could be overheating my tranny. They recently increased the speed limit between my place and my parents' from 65 to 70 on a 10+ mile stretch that pulls a pretty big hill. I only have idiot lights in my truck, so I have no idea what temp I'm running at.... the truck will do 85 mph with no trouble, but I don't sustain that speed for more than a few seconds at a time....
So my question is: Should I not sustain or exceed 70 mph pulling that hill, or anytime for that matter?
I should also note that my truck is my toy, which gets ~1,000 miles per year, but the transmission has 194,000 miles on it.