What I do now have enough knowledge about is the torque properties with gear ratios versus tire diameter. Dad always mentioned a 1:1 final gear ratio out the trans as being ideal. Don't know if that is a myth or not.
Our transmission is 1:1 in what is the normal 4th gear, but they can and did put a overdrive cluster where 3rd usually is, so the direct through gear (1:1) is now our 3rd gear. True we are giving up some HP running the overdrive since it is now not direct (straight through). The problem we have is that with the Ford rearend we are running we are geared as high as we can be in the rear with 2.47 gears so have to resort to the transmission to run faster at less RPM's where our motor makes it's power.
A cam change or a switch to one of Sparky's GM rears would solve that problem, but as always time and money can rear it's ugly head. If Hooley sells this car and builds a new one like he has talked about it would probably have a land speed racing type quick change with the low number ring/pinion in it. Then we could run the 1:1 gear like you mentioned and that would be the most ideal.
c ya,
Sum