Small block 37's and 4:56 gears, the turbo 400 makes more sense if you opt for the 700r4 you will find the tranny frequently "hunting" between Drive and OD, if you find the tranny hunting a lot you can always keep it in drive instead of OD. My assumption is this small block will be making basic hp numbers if that's the case I would lead towards the 400, if this small block is a monster you can get away with the OD. 37's that's a good chunk of rubber lots of resistance.