If you can get a Toploader for the same money as a T-5, it's not a crap shoot. Rebuild kits are less than $200 last I checked (David Kee's site) If you need to replace gears, that's another story, but not out of line with T-5 stuff. I bought my Toploader in the Ranger for $150 on ebay. The seller "mis-listed" it as an SROD

Got it with the SROD bell, & Hurst Comp + shifter included. He also had the clutch, pressure plate and flywheel included too, but I told him to keep all that, I wasn't going to use it anyway and didn't want to pay shipping on scrap metal. I resold the SROD bell back on ebay for what I paid in shipping ($80-- the SROD bell fits the Tremecs too). I bought two "broken" Toploaders for $150 locally and repaired each, then resold them for a profit later. All you got to do is wait for the right deal, same as everything else.

If you can pickup a Toploader for less than $400, even if it needs repairs, it's still a good deal.