Hello Feltman,
I'm sorry I can't give you any real life feedback only what I did till so far. A few months ago I was searching for the same thing, will a (standard!) 700R4 lockup work with the 81 lockup wiringharness and ecm.
To explain the whole thing.. You begin with a + wire that always has current on it (when ignition is on) first the brake switch to unlock while braking, wire goes into the normal TH350 through a switch and solenoid. Back out the transmission again (second wire) to your ecm. The ecm will ground the wire if everything is correct (steady throttle etc) so the lockup will engage.
Now for the 700R4, it has exactly the same wiring for lockup in second and 3th gear! But it also has an extra wire. This third wire comes from the ecm to the 700R4, inside past a switch and grounds in the transmission itself. If the ecm knows your in 4th and everything is again oke, it will put current on the third wire so the 4th gear lockup will activate.
Now the tricky part. The 81 lockup wiring harness has also 3 wires (our th350 only uses 2) so the third wire is already there. BUT it doesn't lead to one connection in the ecm terminal connectors, instead it is grounded somewhere so the wire is useless. Also if the 700R4 has the standard wiring harness inside our ecm will not lockup in 4th.
Then again. If you order the automatic lockup wiring harness from bowtie you can change the wiring harness inside the 700R4. The bowtie harness grounds inside the transmission 4th gear and maybe 3rd (don't know for sure). With this you can put back in the normal TCC connector from the 81 wiring harness. Then it will lockup right away when you put it in 4th (maybe even in 3rd?). If you want to change it back to let the lockup be controlled by the ecm you need to change your the solenoid of the new bowtie harness with your old harness. The solenoid from bowtie grounds right away and the original solenoid has a ground wire that goes to the ecm, which then controls lockup. I think this could be it
If you only want lockup in 4th just buy the bowtie wiring harness change it inside the transmission (easy job). Then to be on the safe side check the wiring diagram if you need to cut the negative wiring on your 81 TCC wiring harness and just plug it in. Then it will lockup in 4th
Also ask Sensei, he also changed to a 700R4 and is driving as we speak
Groeten Peter.