On a scale of 1 to 10, a 700R4 is about a minus 3. You'll have better luck with just about any other automatic trans, including an aluminum case 2 speed Powerglide! My first choice would be a TH350 or a TH400. How many bolts does the side cover on your OD trans have? If it's got 7 instead of 4, I'm definitely interested!
Jerry