The AT series Allison will handle a lot of torque very well. The main disadvantages are size and weight. The transmission is large enough that you will most likely have to modify your cab floor. The weight will not be a problem unless you are already experiencing front end sag.
Another disadvantage is that the AT series does not offer a lockup convertor. The convertor is available in several model numbers depending on intended use. One for a low torque engine, such as a gas burner or a diesel such as a 9. 0 liter IH, would have more stall speed than one intended for a high torque engine.
The lack of a park position is most easily managed by using a transmission with the parking brake mounted on the transmission tailshaft housing and applying braking force to the driveshaft. I have an AT540 with that arraingement and it is fairly common to find these models.
First gear in these transmissions is a low ratio that will help in getting a load started without needing low ratio axle gears. The problem is that although the transmission is a 4 speed fourth gear is not an overdrive ratio. This could be overcome with an overdrive unit.
All in all, the AT series will work but not without some fabrication. You will also need an SAE type engine adapter and the proper flywheel, all of which can be obtained from an Allison distributor. Having bought some of this stuff in the past, let me tell you to be sitting down when you price the parts. Finding a salvage mid size truck with a B series engine and an Allison transmission would make things much simpler and more economical.
Good luck with the project if you undertake doing it!