Granted, it was an M47, but it wasn't a hard shift or popping the clutch or anything that, just a nice easy shift into third and then some full throttle WOT on a crisp fall day when the boost hits a bit harder. Spooled, 18 PSI, and a huge metallic grinding sound and I had a 4 speed. Turned around, drove it home, pulled it and swapped a T5 into it.
There's some sentiment floating around that an M47 isn't as strong as an M46, but not a lot of real world evidence to back that up. They're pretty much the same thing in gears 1-4, just has a 5th gear hanging out in a little doghouse on the tail instead of an OD unit. Same design with third gear being in the middle of the output shaft, furthest from the bearings on either end, getting pushed apart from the layshaft by engine torque.