I looked into this a little recently, and concluded that a built 400 and GV would make the most sense for my needs. Sure, the 700 and 200 can handle the power if built correctly, but handle it for how long?
The 4L80 and 4L85 are serious transmissions that could handle the power repeatedly, but you also need to spend a ton of money on the electronic control module for it. (I just read Jake's Transmission link - sounds like a great option, and his controlers are way cheaper than GMs)
The 400 has the strength, they are cheap to build, you can add the GV later if you wish, and that overdrive can handle over 1000 hp. You can have fun splitting gears too. The GV site has a ton of install articles and test reviews on it.