It should bolt right in for the most part. I'm not sure if the mounts are the same, or if you have to move the crossmember. You may need a different driveshaft, but one from about a '68 Nova or Camaro with a Powerglide should work.
All early automatics had a 1:1 top gear ratio, so your highway driving shouldn't really be affected. Being a two-speed, acceleration might be a bit slower, and gas mileage a microscopic bit lower. A 'Glide from a six-cylinder car uses a lower first gear, so that could help acceleration a little.
They're both good transmissions. Powerglides have been used a lot in circle track and drag racing. I once saw someone that went to the trouble of putting one behind a Ford engine, so you know there has to be something to them. Carmakers are all getting into 6- and 7-speed automatics now. I'd rather have the simplicity of a 'Glide in the awesomeness of a '77 Nova.
Thanks for reminding me of these songs. The second one's a good theme song for you and your trans swap.
http://www.youtube.com/watch?v=XTjG8E1utyA