Will a Stock 489 handle 700hp?

I have about a 650hp 408 H.P. that has a H.P. 727 behind it 2,500 stall. It is time to put a diff in. Some people are telling me a stock 489 8.75, with stock gears, race axles, stock pinion yoke, stock bearings, etc, will handle 700hp with an Automatic Trans.

Some people are telling me I need this pumpkin for it:

Mopar 8 3/4" (8.75) 489 Case Third Member

I want the green bearings, a 3:23 ratio, 6 Helical Gear Sure Track II, w/a 1350 Yoke.

Problem is I can get a stock pumpkin for $850, while the race pumpkin with the above features is $1,425. Don't get me wrong, I am not out to pinch penny. What I don't want to do is spend the money on a race pumpkin when a stock one will do. If the stock will not do, I will definitely buy the race pumpkin. No Problemo! I have heard a lot of different answers.

Members who have experimented in this area will prove most helpful. I need to know what your experience was.

I know a guy running 9s in Dart with 8 3/4" foot brake car but its pushing it.
I have the same dillema as you and am leaning towards building Dana 60...

You can put billet caps on 489 but there will be some cost of machining involved.