Yes, And once you lower the rear of the transmission go around to the rear portion of the trans and you should be able to see the top bolts. Also be careful with the distributor.
The way I did it is I sat behind the transmission (after I jacked the car high enough and used non-Harbor Freight jackstands) used several of extensions.
No issues, but then again mine is a 360 with an A999 (A904 with super soldier serum) so it will likely be a little easier than the 727.