700r4 is very similar to the TH350 not the TH400.
Th400 is a lot stronger, longer, and has diferent output shaft splines.
The 700r4 is a good trans but the eariler models had some bugs and weak points that were worked out buy 1988. If you get a 700r4 get one with the later model case 1988 and up. Do not get a 2wd 700r4 their cases are weaker than the 4x4 case and can crack. 4x4 700r4 has a big K cast into the case to ID it.
4l60 is the same as 700r4 and has all the upgrades.
If you need a cheap replacement you can use a TH 350 out of a 4x4 truck. It will fit and bolt right in.
You will loose overdrive and may take a small hit in your gas milage. You will need to do is run a vaccum line from the intake manifold to the vac modulator on the trans.