Ask yourself how you are going to use your bronco first. Going auto is great for some and others just want an overdrive because it's cool. Light trail and street 33" tires, 3.50 or 3.73 gears, and C4 has been the ticket for many since early 70's. You can even go 4.11's if you wheel it a little harder with lockers. It's the cheapest way to go.
Going overdrive can get expensive quick to make your bronco work across a broad speed range. I have about $3k for 4R70W rebuilt, new torque converter, coolers, and US Shift controler. I already had ZF to D20 adapter. I still need to correct driveshaft lengths. But, I also already have 4.88 gears and going 408W. So it makes sense to spend the cash now for how I want to use the bronco in the future. According to my wife, " I have extra space between the ears ." But, that's a different story. ��