Actually, the 2004R and the 700 are quite a bit different.  The 700 is larger in nearly all respects inside and out.  That being said, the 2004R was my choice for my 81.  I knew it could be built to handle the horsepower I was intending and I like the gearing of it better than the 700.  First and second are pretty far apart in the 700, it's a tight fit in the tunnel, the cross memeber has to be modified and the drive shaft has to be shortened.  
I always read the 220 is a bolt in.  Nope, not really.  I can tell you that it is a direct bolt in as far as the engine is concerned but that's it.  The trans mount is 7 inches farther back than the TH350, that means modifying or buying a different cross member.  The 200 has a lock up torque converter, so if you’re putting it into an 80 vette, you'll have a little wiring work to do, but that's really not a problem, it's really easy.  And you'll have speedo calibration to do, which is normal on a trans swap anyway.  You’ll also have to modify your shifter so you can reach the new 1st gear (or you can spend $200 and buy a new shifter).  The 200 can certainly hold horsepower.  I over built my trans, it should hold nearly 800hp.  I put in several billet parts, hardened parts, heavy frictions and steals, servo's, plus modified some existing parts.  I know it's overkill, but I didn't want to have to do it again!!