atlonglast
+1y
The cost and ROI of the OD swap is actually excellent if you do it right. First read up on how to determine the year and condition of the OD trans you're looking for. Then hit up the local pull-your-own-parts salvage yards until you find what you want. Once you're sure, then don't just pull it, but aksp pull the crossmember, the front half of the driveshaft, and whatever else is different. The 700R-4 needs the TV cable and bracket.
Swapping an NV4500 in place of a stupid SM465 is about the same deal as putting an '88-'93 5.7L version of the 700R-4 in place of a stupid TH400.
I did exactly this to my '78 Camaro, which had been giving 8 MPG no matter what I tried. I spent about $100 on the trans, another $100 on getting the driveshaft shortened, then the shift kit, lockup kit and shipping added another $150. New filter and fluid put me at $400 then, which would be $500 now.
After the swap, I saw 25.1 MPG at a steady 65 MPH. I didn't change the carb or anything else that could explain it. The only explanation is that I got my cruise out of the Q-Jet's main metering circuit so I was then cruising on the idle circuit.
Still, It paid for itself right away. And these days, there's so much online help that you no longer need to buy a lockup kit.
Lastly, my 25.1 was with my centrifugal advance frozen. I finally figured that out and fixed it, only to sell the car a week later, before I could prove it would then do 27 MPG at 60 MPH.