Full reverse manual valvebody with compression braking and pushbutton lockup in a 4L80 is the way to go in my opinion.
I'm not going to complain about my 700R4, loose torque converter, and NP208 though. AKA poor man's doubler.
I wouldn't complain about having a SM465 or SM420 either, especially in a trail vehicle.
I'd never put a TH350 or NP203 in any vehicle though. In my opinion TH350s are for station wagons and NP203s are for boat anchors. I wouldn't replace a 700R4 or SM465/SM420 with a TH400 either but I also wouldn't complain too much about it.
It is all based on personal preference. However, the first thing in the list is the Grand Master as far as I'm concerned. It even beats the NV5600 in my book.