The standalone 4l80e computers have drop a bit. 500-600 and dropping as more come out.. There is also a new method of controlling it by using a vacuum modulator that you install into the VB and route a hose to your system. That adjusts line pressure, you still need a method of shifting it or use a manual VB.
93+ used PCMs to shift the 4l80e, there were some magical vans/trucks that had diesels in 93-95 that had a more/less stand along PCM to control the tranny. Older TBI can NOT be made to shift the trannys, the ECMs just arn't fast enough.
700r4/4l60 isn't the same as 4l60e (e= electric shifted)
For a simpler (relative) swap look for a 94/95 truck most of those PCMs can handle the electric tranny shifting, and can be configured/set to shift either tranny.
As far as the differences, search google... but to summarize, 4l60/4l60e = all primary shifts are done via BANDs
th400/4l80e= all primary shifts done via clutch packs.
Plus the 4l80 is just plain bigger...The stock ratings should be enough to tell you to build the tranny properly or upgrade it.. that said you can beef a 700r4/4l60e to hold up to towing. Either way put a shift kit in. Huge improvements in both trannys..
After dealing with my tranny problems last year I feel like I know more about the 4l80e than I ever cared to....
and to add... GM really did a decent job with the 4l80e. While its got a few areas a shift kit addresses, for the most part is solid. The PCM really is what makes the tranny shine. It uses the input and output speed sensors (and other engine sensors) to determine whats going on, and can tell if its slipping or not based on how long a shift took to make, or if (for example) in OD and the in/out ratio (stock=.75) is NOT that it determines slipping is happening etc..
Latter models (not sure what years) had more adaptive features added, to actually make line pressure corrections to compensate for wear etc.. The 2003+ had tow haul modes which use more line pressure, pull some power during shifts, allow for 2nd gear lockup at times etc.. Truly a nice tranny IMHO.. (That said it does have limits as does any tranny)