With a 700, 3.42 gears, and 35s, I definitely think you'll need a gear change. I have a 700, 3.73s, and newly installed 35s. I am definitely having to go with taller gears. Of course, I also have a fairly tired 305. I am going with 4.56 gears. But, if you are swapping to a TH350 (without OD), that may be gear swap enough. Driving in D (at a 1:1) versus OD (at .7:1) is the same as going from 3.42s to 4.88s in your highest gear! (doesn't impact your other gears the same)
I know OD in the 700 is .7:1 ratio. I think the TH350 is 1:1 in D (but I could definitely be wrong. This means that if you are currently running 2000 RPM in your 700, you will be running about 2850 RPM at the same speed with a TH350 with all the same running gear (gears, tires, etc.). This is the same as running in D (3rd gear) on your 700 now.
If you are definitely going to swap in a TH350, I would use the charts you can find on many websites (like the one on Randy's mentioned above) and detrmine your current RPM with your 700. Figure out what it will be after you install your new tires. Then convert that to what it would be without OD. See if that is the RPM you would desire at whatever speed you are most concerned with using your engine's power band. Then decide if a gear swap is right for you.
Just my pennies...
Brian
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