Np 205 is hella stout, but has a meager 1.96:1 low range. That said, That combo is what I've run in my '77 F150 for most of my life, and it works great if you don't mind it shifting like a truck and not having overdrive. The NP435 is essentially a heavy-duty 3-speed with a granny gear, so it will drive similar to what you have now with respect to shift points and RPM's at speed.
The 1.96:1 gear ratio is actually a good thing if you ever want to add a doubler, as it narrows the gear splits. I'm pretty sure Nvrstk on here just swapped out an ATLAS for a n NP205 and BlackBox (or some similar planetary doubler box).