I think so. I have what I think is a drive shaft for a L88. I bought it from GM Parts in the mid 1970's. I've never measured the drive shaft circumfrance, but I'm pretty sure the U-joints are the next size up. The driveshaft length is stock for all early C3's (at least).
Aside from the original post question. I have a TKO600 transmission in my 70. I have a Tom's Differentials "Super 10 bolt" differential. The TKO and Tom's pinion gear for the diff are sized for larger than stock U-joints. Because of this, the driveshaft is custom made to accomodate the larger than stock U-joints at both ends.