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I've installed a Lokar on the 700R4 in Blue.. Blue is not street driveable yet but I have her on jack stands and able to run up the engine and driveline. Lokar support confirmed there is no detent position for overdrive of the transmission. I am not too happy about that part of it but time will tell if the transmission detent will hold the transmission in overdrive or if the transmission will slip into the drive position.
Other than this engineering oversight, the Lokar unit appears well made. IMO, quite a bit overpriced.
There's always B&M shifters... been around for a while, they work and they're cheap. $140. with shipping. Not the prettiest shifter but you were looking for something for less that works. There's one in mine and it works fine with my C6.
Lokar is worth the price. 15000 miles so far no problem with shifter. Some things, IMHO shouldn't be bought on the cheap. My 2cts, good luck with your search whatever you decide.
Summit lists 37 shifters for the TH350 with reverse lockouts, but they all run 150-250.00 range. You need to decide what is important, lockout, looks, price?