Like Yeller said, good combo...
I've been running the 4R70W with a KluneV/Atlas for 6 years... I am currently swapping out the 4.3 Atlas for the 205... 4R70W/KluneV/205 fits in there great. I just upgraded the output shaft on the KluneV to chrome moly...
The 203 weighs more than the Klune and takes up more space. I ran the ZF/203/D20 combo for a dozen years....you'll really like the USABLE gearing options with the 203/205...
Appr. weights:
Atlas weights 115# dry (according to AA). 205 weighs 135# dry (weighed it) ... 203 weighs 70# dry (weighed it)
Doubler weight of 203/205 is advertised at 240#