200-4rs can be built to take a lot of hp. Have added advantage of 2.74 1st gear vs the 3.08 of the TH700.
If you have a 2.73 gear in the diff, the 3.08 is great for acceleration. But if you have deeper gears, 3.08 makes 1st gear a pain on street tires, especially around corners. You give it too much gas, rear end tries to come around. Not enough, 2nd kicks in too soon, blah acceleration due to monstrous gear spread between 1st and 2nd gear.
Lots of info on the 200-4r available on the net, like here:
http://www.drwtransmission.com/thm_200-4r.htm