I would definitely stay away from cheap converters too. There's a really good article somewhere on LS1Tech showing the differences between a cheap converter (~$400) and a good one (~$800). A lot of the cheaper ones are converters for four cylinder cars with adapter plates welded on to fit a V8. If a cheap converter fails debris will run right into the transmission, damaging or destroying it as well. And obviously you're not getting a converter to drive like an old lady. It's certainly not somewhere you want to cheap out.
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