There is some confusing info in this thread. OLEYELLER wants to put a 66 Torqflite to a 318 Magnum engine. I am not very familiar with the magnums, but I can tell you this. If the 66 trans is a 904, he will need an adapter bushing in the end of the crankshaft. The pilot nub on the 66 converter is smaller then the hole in the crank ( size changed between 67 and 68). If the 318 magnum is externally balenced the best cure is an aftermarket flexplate to match the engine, and stay with a neutral balenced 66 converter.
PS: it is not possible to use a 68 or newer converter with the 66 trans as the spline count is different.
This info may not apply to a 727 trans.
Fishy68 is correct, but it is not necessary to mod the converter, just use the bushing in the crank. These are available from a couple of sources