Go the TH400 and never look back.
I did the 34 element intermediate Sprag, Transgo 1-2 kit, Alto 6 clutch Direct and Forward drums,Alto Intermediate Clutches.
I have heard Raybestos 4L80 clutches are the shniznit too
I should have upped the stall on the TC, with 3.73 gears and 35 inch tires and a 2000RPM stall, off idle pickup is a little slow (until the boost builds @2.5K RPM)
Check TH400 mods here.
http://www.yellowbullet.com/forum/forumdisplay.php?f=30