Also, if durability is of any concern, the T5 is marginal strength-wise in a stock C4 and, if the engine is modified, it's lacking in torque capacity.
I'm not trying to rain on your parade but you may be swapping out more T-5's than you think. I have exploded like 5 of these things in various mustangs. 2 with stock 225 HP 300 FTLBS engines. Ive built several in the garage.
Third gear is CAST metal. THe teeth fly off this thing with a single missed shift. I dont care if its brand new, they still come apart. :W
at least consider a stronger world class T-5 or ultimately the Tremec may live.
The L98 could split the case on this trans with no problems.
In my opinion if you go back with a stock ( $350) T-5, your going to get real familiar with changing them.
If durability is your issue, your changing a stronger trans out for a weaker one. Why do you think GM never put a T-5 behind the L98 to begin with ?
It was used in the 305 Z-28. However, no 350 ever had one.
THere is a reason for that.
One final comment, if you get a T-5, never ever nail the gas in reverse

Its gauranteed to break that way
Just my 2 cents.