This transmission can handle a ton of power and torque. You want a proper tune though. I've read that it's able to handle 590 ft lbs, but that's only what I read. A clutch pack and intermediate shaft upgrade really raises the limits substantially from what I understand and this trans is one of the most stout from Ford...ever. Do some research and go from there.
Here is the link that explain about the R680 AT that been run 91 time at the track and still look like new. The video take the trans apart and explain each parts in the tranny and reasemble. Cool video http://www.teambeefcakeracing.com/efk291hp2stl.html