However, there are some important caveats:
* Specific Transmission Type: While the bolt pattern is the same, you need to ensure the *type* of transmission is compatible. A TH350 will bolt to both, but a 700R4 will also, and so will a 4L60E. Make sure the transmission is designed for the torque output of the engine. A 305 generally produces less torque than a 350, so a transmission designed for a high-torque 350 will likely work fine on a 305.
* Year and Model: The year of the engine and transmission needs to be considered for proper compatibility with the bellhousing. Bellhousings can vary slightly between years.
* Modifications: Some modifications might be needed depending on the specific year and model of the engine and transmission. This might include using the correct bellhousing or adapter.
In short, it's highly likely, but double-checking the specific transmission type and year of both the engine and transmission is crucial to ensure a proper fit. Using a parts catalog specific to your year of vehicles is highly recommended to avoid potential issues.
