I've done this swap 3 times... I just finished this for my 1975 GMC Jimmy; and back in the spring I did this swap in my 1985 K20. As
@SquareRoot said - you'll need a bellhousing - I ordered my from Advanced Adaptors.
My Jimmy had the np203 transfer case which will not mount to the back of the NV4500 without an adaptor but I wanted 2wd anyway so I sourced an np208 transfer case from a salvage yard. I don't think the NP205 will mount to the NV4500 without mods but I can't speak from experience on the np205. The np208 bolts right up no problem. Note to self: make sure if you go the NP208 route - that you find one that matches the drop side of your front differential.
I had to have both drive shafts modified. For the rear I used Tom Woods Driveshafts (cheaper than my local shop and as fast even with shipping it from Utah) simply because the rear of the np208 takes a slip yoke... and I also needed a CV-joint there - only Tom Woods seems to have that combination for the NP208.
For the '75 Jimmy, I had to source a 'W' style cross member for the NP208 - salvage or ebay, or if necessary there is a company that builds them called Tejas Steelworks, Inc. - my '85 already had the 'W' style cross member.
Lastly I had to build some clutch linkage as the pushrod for my SM465 was to short for the NV4500. I picked up some threaded rod from Tractor Supply and built my own.
Overall a really simple swap - I can now cruise at 70 mph at 2000 rpm.