* 3-speed automatic (Torqueflite 727): This was a very popular and durable automatic transmission.
* 4-speed manual: A common manual option.
* 5-speed manual: Less common than the 4-speed manual.
To know for sure which transmission a *specific* 1986 Dodge W150 has, you'd need to check the vehicle's documentation (owner's manual, build sheet if available) or look at the transmission itself (though identifying transmissions can be challenging for someone unfamiliar with them).