I second speaking to
https://www.robertscustomtrucks.com/ in Ontario, near Pomona/Montclair boarder.
Let me tell you about my 77 k20 conversion. In 2010 I had Bowtie Overdrives, Hesperia CA, build a 1991 K case 700r4. Swapped the working th350 out for this new trans, I needed to shorten the rear drive shaft 1.75". I used a NP205 from a 72 k5, my truck had been an np203, and I didn't want heavy full time t case. If you want you could still use a np203.
Shortly after the swap my truck didn't run well in 4th, I blamed the trans and quit driving it. fast forward to late 2018 I have the Toy Store, in Pomona CA, Go through my 700r4 a second time, there was a a bad band. My problem from before was still there. Turned out to fuel related. For some reason I still haven't gotten to the bottom of I could not get enough fuel at the carb in high gear, sometimes in 3rd. I put an electric pump and have 20k plus miles now.
It is very important to get a good tv cable. The aftermarket is selling an "adjust" sheath, with a sliding cable lock. I did not like this. After a few adjust of the slider the cable gets rough and chewed. I sourced a TV cable from mid 90's Caprice, fit perfectly. Then I had an issue with getting full throttle, I had tried a TV cable corrector that is supposed to put the in right place to travel the full arch, on a quadrajet carburetor. I could not get it to work. Sunex makes a little push spring with a plastic center. This works well, it keeps the cable adjust taught, and allows wide open throttle, using the factory detent cable location on a Qjet.
now you have to decide what transfer case, I went with np205 using the th350 adapter, and the Transdapt conversion output shaft, which is shorter, similar to the th350. This gets the the tcase adapter right up to the 700r4 case, which I think is stronger. After all the are only 4 bolts, and should have a support rod holding all this together. This all sounds great until you try to install a front drive shaft. There is very little room to clear the right rear corner of the pan. I was able to use a stock pan with the early style 3R cv drive shaft, not the strongest out there. I was able to use this drive shaft be cause I had a 10 spline front output, which uses the correct yoke. a later 30 spline output might not have a yoke to match.
Second option is to use the normal 700r4 output shaft and add a spacer between the trans case. this adds @4". Better clearance and angles for front shaft, but more severe angles and shorter rear shaft, no big deal for a burb, but a K5 might be an issue.
So then if you choose a later t case Np208 or np241c you could use the stock output, have good trans pan clearance, and get stronger drive shafts, with ok angles at @4" lift for 35" tires. You will not be able to use the flat tcase cross member with either of those 2 tcases.
Exhaust might and issue might need to be rerouted.
With more driving and traveling after I solved my fuel deliver issue, I didn't like where the engine rpm ran at So Cal freeway speeds ie 50 to 70, at 50 mph in 4th the engine was taching 1550 rpm. I could not accelerate to pass anything and the drop into 3rd took longer than I liked. 70 mph plus the truck was an animal but the rpm was still at the bottom of the torque curve, 80+ was easy. I decide to regear the differentials to 4.88 from the stock 4.10. This moved my 50 mph to 2000 rpm and 65-70 into 2300-2600 range. 65 in 3rd is 3400 rpm, pulls hills with a load well here. If I were to choose gears again I think 5.38 would be more appropriate that works out 3.76 in 4th.
I wanted the 700r4 to get a lower first gear 3.0 compare to th350 of 2.52. would I do it again? No, previous i had a k20 burb with sm465 4sp and 33" 4.1 gears and drove that truck everywhere, towed heavy cars, on highways out side Kommiefornias 55 mph limit 70-75 no problem. Dumont Dunes sandy ass camping areas never even need 4wd, that granny low got me out on top with a trailer. Only reason I switched burbs this one had a/c.
I am getting average of 8mpg my best is 9.3