To answer your question on if the driveshaft lengths will be different you are in luck.
For the 85~91 squares GM made changes in adapter dimensions across the board which took away the need for a multitude of different driveshaft lengths ultimately giving them less inventory numbers to contend with.
And yes, your 700R4/241 combo is a 27-spline variety.
Also, the adapter from the 465/205 will have a cutout provision for one of the 205’s shift rails that the 241 does not require but that should not be a problem when mating things up.
For the 85~91 squares GM made changes in adapter dimensions across the board which took away the need for a multitude of different driveshaft lengths ultimately giving them less inventory numbers to contend with.
And yes, your 700R4/241 combo is a 27-spline variety.
Also, the adapter from the 465/205 will have a cutout provision for one of the 205’s shift rails that the 241 does not require but that should not be a problem when mating things up.