I think that at least some of the k5's are labeled as "v10" when looking for parts. The "10" would most likely mean 1/2 ton and the "v" would be the body.
There are a number of flowmasters to choose from. I had a 50 series on my 79 c20 pickup (built 385 stroker engine, small 268/278 advertised cam-no real noticable lope to it) with headers, 3" cat, and single 3" pipe. It wasn't aggressive enough and sounded too sporty. The original 40 series was louder and deeper. Then I removed the tail pipe and moved the muffler closer to the cat. This sounded like a muscle car rolling up. People loved it, and it sounded cool, but it was very loud inside and I drive 2+ hours per day. I now have the super 44 with a new 3" cat and mandrel bent tail pipe. It sounds great and can be slightly loud inside when you get on it, but for most driving, it is not annoying with the windows rolled up. From the outside it sounds very deep and powerful. People always want to race me on the streets because they think I am nailing the throttle off a stop, when really, I am hardley working the engine and only using maybe a quarter of the throttle. I think the super 44 is the best compromise for this truck. I would have the old 40 still if I didn't drive very far.
On my 88 K5 with a stock 350, I have the flowmaster 70 series with a cat and tail pipe. I like this muffler because it is not anoying from the inside, but it can still be heard, and on the outside its somewhat quiet, but has a great american muscle sound to it. The sound isn't as smooth as some of the others, and I like that.
The flowmaster 80 series sounds horrible. it is a dual outlet design for something like the 97 trans am that my brother had. It was loud inside and out, but had an artificial sound to it. I think it made the car louder than straight pipes. It reminds me of the rice burner "pissed off bumble bee" sound. It made the exhaust sound worse than not having a muffler.
You might get away with a 50 series muffler on a stock 350 with a tail pipe, but the 70 series should be an even safer bet without the stupid sound of a stock or quiet muffler.