The '88 up stuff is all drivers side drop, but the bolt pattern for the T-case is the same 6 hole round pattern, so a passenger side drop case can be easily bolted up.
The Getrag/NV3500 were both light duty all aluminum 5 speeds. No granny first gear. They used an integral bellhousing so there is no option but to have the slave on that side of the tranny. IIRC OD was .70:1 just like the 700R-4 and they're a pretty smooth shifting 5 speed...a lot like a car tranny.
The NV4500 is very similar to an SM 465 as it also has the granny low first gear. It's also a cast iron brute like the SM 465 too. Factory bell puits the slave on the wrong side, but Advance Adaptors makes a few different aftermarket bell's for the swap.
The NV4500 has some gearing variations, early years had a 6.34:1 first gear and later years used the 5.61:1 first gear. Mine is a '95 and has the 5.61:1 first gear. OD is either .73:1 or .74:1 depending on who knows what. I really don't know if anyone would be able to notice the difference.
The NV4500 is also supposed to be a smooth shifting tranny, although not as smooth as a car tranny. I'll let you know when I finally get to drive it (I'm not done yet)
For a light duty DD 1/2 ton I'd seriously consider the Getrag/NV3500 though. It's bound to be a bunch cheaper than the NV4500.
Rene