Neither is the answer. A good AOD rebuild, or T-5 rebuild will approach the cost of a better new one. Without the risk of getting a crappy rebuild, the new tranny is a much better deal.
The 1983-1984 T-5 is not "world class." Although the 1983-1984 T-5 was still rated at 265lb/ft holding capacity just like the 1985-1989 units, they didn't have the upgraded syncronizers, and they had poor 2.95:1 1st gear ratios. (Actually, the ratio's aren't so bad when used with some low gearing, like 3.73's or shorter. If you get a T-5, get a 1990 or newer if you're looking used, or just get a z spec from D&D performance or somewhere else. Do NOT trust a rebuilder with a T-5. I've seen horror story after horror story of bad rebuilds on the T-5.
Good luck!
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