Well, you're right on target in one regard...the basic premise of the NV4500 was adding a 5th gear to the back of a SM 465. It's obviously more complex a task when you get down to the details, but that is basically what they did.
As for adding an OD the options I looked at were these:
NV4500...roughly $1200 to source, add $400 for bell. 0.73 OD
Ranger overdrive...roughly $2000? 0.73 OD, ability to split gears. Adds 6" to drivetrain length, makes a doubler impractical.
Gear Vendors OD...not sure on cost, but $2K wouldn't suprise me. Adds to rear of T-case or Tranny. Can't be used in 4WD.
Rene