Frank,
If you already have the 4.10 gears installed, consider a 200-4R, instead of the 700. the first gear in the 200 is still lower than the TH350 and the OD is slightly higher than the 700. It is also an easier swap than the 700 because you don't have to change the DS, maybe not even the yoke. it also has a tighter gear spacing than the 700. Expect to spend about the same amount for a properly built trans, converter, crossmember, and TV setup, without the expense on the driveshaft. You come out ahead all around.