First, I'd check if the BW is the same as the Doug Nash 5 speed. I think the Nash is a Super T-10 (BW??) with an extra gear. One thing to note about it is that 5'th gear is a 1:1 ratio (no OD). 1'st is pretty steep (3.27:1, I believe), so you usually want a numerically low rear gear. 3.08:1 is pretty close to ideal. The Nash trannys have lived well behind race motors.
I'd make sure it is NOT a Tremec 5 speed. At some point, also, I beleive Tremec bought BW (or a joint venture), so it is possible that the Tremec I'm referring to may actually be a BW. It's called the "T5" and was used in '80s Mustangs and F-body's. There is a version called the "World Class" that is ok if you are completely stock, but GM only put it in the 305 F-body's. The 350s were all autos due to the weak torque rating (300 lb/ft) of the T5. I'm not really sure how to tell this, but find out what exactly the tranny is and do your research. It is also possible to put a Mustang World Class tranny in a GM car, but it would require a 1/2" spacer between the bell housing and tranny, still without cutting the x-member.
Having said that, I'd still buy a car with a World Class T5, but I'd definately make sure the owner knew how weak they are and use this as a bargaining point. I'd also be prepared to rebuild the tranny every other year or so. The most complaints I've heard about these are 3'rd gear, mostly by racers who power shift.