Ross.
The Ray Barton, Mancini, Cope Racing Transmissions from what I've seen and been told, are typically high dollar racing transmissions. I know this, as the company I work for has been selling aluminum drums for the 727/904 transmissions to these companies.
If its a balls to the wall racing type transmission you're looking for, then go to one of the above and I'm sure you won't go wrong, but your wallet can take a big hit.
Dave and others have told you to try and rebuild the transmission yourself, and if you're at all mechanically inclined, a torque flite transmission is not all that hard to rebuild yourself. There are a couple of areas that you should be aware of. KEEP EVERYTHING CLEAN. If you are going to replace any of the bushings in the transmission, have a transmission shop with the proper bushing drivers (NOT SOME ILL FITTING SOCKET OUT OF YOUR TOOL BOX), install them for you. If they aren't fitted properly, the end result can be costly. Go slowly and follow the instructions you get with whatever kit you purchase to the letter. Remember the builder of the kit spent a lot of time and $$ getting the kit to market, and knows a whole lot more about how to install it than some well intentioned but poorly informed soul that read something in a HOT ROD magazine or on the internet. I've said it before, and I'll say it again, if you or your friend are not transmission builders or hydraulic engineers, don't try to change what the kit builder tells you to do.
Have fun
Transman