Is anyone using a 904 behind a GIII Hemi?

I am glad to hear it. I was never a transmission guy, I put them in and took them out but I ended up having to do some work on my 727 and began researching it and discovered that while not necessarily simple, it wasn't all that difficult either. That said, I never explored or spent time to understand the differences and nuances between the two. Growing up a Mopar guy, I always heard that the 904 was weak and never to use it behind anything with even moderate power; until I was at a drag strip and there was a guy there using one behind a very radical 340. When I asked him why, he said what everyone seems to be saying now "they are lighter and if built right can take whatever you throw at them".
In stock form, the 727 is stronger. When the 904 was introduced, the back in the day racers swapped over to the 904 and worked them up making them stronger. Once built properly, they can handle a lot of power. This has been the case ever since and it still seems that no one is catching on to what was done oh so many decades ago.