Personally, I would at least put clutches, all the seals, and gaskets in it. Buy a Dayco reman converter. Add a qt or so of oil.
You didn't say what year your truck was OR the trans was.
In 4L80-E The 1991-1993 need to stay with the TCM/PCM. The FM is a Bosch and has a cleaning cycle to keep it alive. If the unit is 94 forward you can put it in a 94 forward. I would NEVER put a 91-93 in a 94 control system. IT will burn up from NOT having the Bosch cleaning cycle active in the TCM/PCM on the 91-93 MY.
Overhaul kits a cheap. Better than pulling it back out on your back.
Whatever you do stay away from drilling HOLES for any reason in or around the body assembly or halves.