Thank you guys!
Original Rear: The reason to run the original rear end is to preserve the original look. I do have an NPR rear end that may eventually work it's way under the truck, but the hubs are larger, need to have wheels made, and ultimately it starts to lose the factory look. I will probably get there, but would like to fire it up and run it around until I complete the mods needed to the new rear end. Other options are too wide.
Torque converter: How can they be matched and how does it get hot? My thoughts are that the converter, after sufficient RPMs engages and stays that way until RPMs drop. My plan is to use a very low stall because I have a moderate cam installed. That will allow it to get moving without hesitation. What variables can be considered for converters other than stall, and proper fit?
4L80E: My research found the need for this to be computer controlled is the only reason I'm looking at the 700R4 which can be used without. Seems if they put 700R4s in full sized chevys to work, that a beefed up rebuild should be OK for a non-working, slightly heavier truck.
These are just my justifications and thoughts, and I appreciate everything you guys have replied with, and I'm taking it all in.
Tom