I guess it depends what your goals are.
I initially thought I wanted to go to a standard transmission. The man I was recommended to asked me the same question. He said "If it's just a control thing, an auto can do the same. If it's a belief that the car will be faster, then your simply wrong" Boy that got my attention!
At this point I am a re-born automatic believer. My C-4 is a full manual automatic trans. Meaning, if you put it in third gear at light, it starts in third gear. The transmission will not shift, ever, by itself....I control ever shift. With a 2800 stall it is easy to load up the motor, even on the street, but there's no foot work on the clutch. The transmission is built to my cam and car weight and is rated @ just over 600HP giving me about 50-75 HP margin with the NOS on. Without, which is 99% of the time, I can beat the dog snot out it....it is no longer the weak link in my drive train. The non-decompression first is a real kick on the street. Basically, let's say you romped on it in first to say 4500-5500 RPM and then let-off on the gas. In a normal automatic the first gear would then be placing a huge load on the motor...converter is locked up= nose dive on the front end and a huge weight shift forward. In my car when you let off it feels like you through it in nuetral and the car coasts, RPMs go down, etc. Now let's say the light changes and you want to romp on it. In the first case, normal trans, you need to fight the nose heavy attitude of the car and re-transfer that weight back. In my car, I just put my foot in it, the engine ramps back to 2800 and the TC begins to lock down and the nose comes up immediately.....The guy next to you will wonder what the hell you've got in your car, sounds like an auto, acts like a standard....faster than both.
For performance, driving enjoyment, simplicity, and weight (I can pick-up an entire C-4 by myself) the C-4 small block Ford combo in a 2500lb. car is pretty hard to beat.
THE DRAW BACK: Given the ratios in a C-4 (3rd = 1:1) and a 3.80 rear gear, I do not do many highway trips cuz the Rs get to high. The fix is an after market unit from Gear Vendors. This device gives you REAL "gear spliting" meaning 6 forward gears, shifts at any speed, and can handle the track.....unlike traditional AODs
(3.80 Auburns in the rear)