I have already done this conversion on my truck. The 700 uses the smaller yoke like a 350 or 200. You will have to cut the front drive shaft. Can't remember how much, did this a few years ago. You will like the difference, at least I did
i did the swap to my 1 ton truck with the 400 but it had a strap type yolk with a split shaft...when i did it , i got the shaft and trans from a half ton long bed, so i didnt know about the small yolk in the other 400, but this info helps me alot...thanks everyone....and ps, the od makes for a much better driving experience!!!