couple of questions for ya...

[navybear70]

Hey ya'll, I've got some questions.
1.) My buddy is helping me get my truck back on the road and he owns an '82 Chevy that also looks like it used to be a diesel like mine. He has a struggling 350 with a freshly rebuilt 700R4 w/ a brand new shift kit. He's basically stock except for the headers and MSD ignition box on the fire wall. Oh, and a Edelbrock hi-rise intake and aftermarket 4 brl. He takes the truck to the track and he is extremely proud of his best time of 15.07 in the 1/4 mile. Now... is this fast for a swb truck? I've never raced mine but I told him I would take mine to the track when we get it fixed. I'm pretty sure I'm faster than he is and I'm bone stock except for the dual exhaust. (I've even got an open rearend and cat.'s on both pipes. Arizona truck... sigh)
2.) I've got a Muncie 3-spd T350 (don't know how old) and he's got a 700R4 w/shift kit (fresh rebuild). He wants my tranny for racing and I want his for that elusive fourth gear gas mileage . Which is worth more? Should we swap even, or do I owe him some greenbacks? We will do the swap together, so labor is no issue. Will they swap out? we both have swb trucks. Mine's an 80 stepside, his is an 82 fleetside.
Tanx in advance for tapping your collective, endless pit of knowledge o wise ones...