Help! buying an 87 350tbi w/700r4, pros/cons on engine/trans

[Lost81c10]

I got some questions with regards to buying me a truck. i have found an 87 350TBI with a 700r4, original/factory. I wanted all this in a truck as this would be my DD to replace my 02 Mustang gt. It will not be to build a hot rod but I do want a kick in it for the occasional need. My question is a two part q, engine and transmission: I have been reading up on 350TBI but I find or get the impression that TBI it not good, that it would be better to get a carb one (pros and cons). Second Q, given the choice, is the 700r4 good/reliable compared to say th350. Again, pros and cons on trans. Please help as I only have a few day to make the buy. What say you all. Thanks.