I build transmissions and I wouldn't touch a 700 for $800.
To build it right it cost over $400 in parts at wholesale.
Build it and warranty it for another $300...don't expect much for that...
The 700R4 will work pretty good in a heavy Jimmy with a toruqey 383, however plan on going through it every 2-3 years.
Better make sure a builder installs these parts:
Code Product Quantity Price/Ea. Total
74009A-BS Super Master kit, 700R4, 1985-86 $120.00 $120.00
N74020C Band 700 / 4L60E Power Band - Red Eagle $23.10 $23.10
74030E Bushing kit, 700-R4 / 4L60E L1984-UP $13.10 $13.10
74300F Pan Gasket: 700R4 / 4L60E $2.08 $2.08
A74658B Sprag, 700R4 / 4L60 / 4L60E Forward, SILVER caps, 1986-UP $40.62 $40.62
54425B Solenoid, Lock-Up, 4L60 / 4L60E / 200-4R Universal 1982-UP $15.48 $15.48
74200 Thrust washer kit, 700R4 / 4L60E $11.53 $11.53
T74171 TransGo Reprogramming Kit 700R4 / 4L60 $81.29 $81.29
A74624A Shell, The Beast , Sun gear Shell *ON SPECIAL $49.50 $49.50
A74507TK Boost Valve assembly, 700R4, .500 inch, O ring type $9.50 $9.50
A74531AK Pump Rotor kit, 700R4 / 4L60E, 10 vane $30.34 $30.34
T74165HP TransGo 700-R4 200-4R High Rev pump kit (over 5500 rpm) $8.15 $8.15
S74507RDK Boost valve & bushing, REVERSE, 700R4 $19.65 $19.65
A74971K Hi-Rev Spring kit , 700 / 4L60E $27.20 $27.20
Total: $451.54
And you may still need a new reverse input drum, it must be in GOOD shape.
$100 new...
I could add a better 3-4 clutch pack onto this too, for a performance vehicle it is the major failure item. The stock Hi-Energy stuff is pretty good and has worked for me so far, but I avoid using a 700 behind a serious motor.
You can see a minimum of $450 in parts, and that is IF the builder is willing to sell parts at cost, usually markup at a trans shop is pretty steep.
Still gotta pay for overhead and labor.
Be very wary of $800 700-R4's.