Whether 3 or 4 speed makes no difference. Both have a 1:1 output.
Depends on which 4 speed you are talking about. There are 4 speeds that were used in trucks & cars that are basically a 3 speed with an overdrive.
Here is some data from my archive file. I have toyed with putting a NP440 in my '65:
Another, lesser known option is the NP440. This is the New Process 833OD with a GM pattern. It comes with a Hurst shifter and is a 3spd with an overdrive 4th. 3.09 / 1.67 / 1.00 / 0.73
The 833-OD was used in GM trucks in both 2 and 4 wheel drive; I think from 81-86. Its RPO code is MY6. It was used in the Dodge configuration from the late 60s to the early 80s; in cars and trucks.
You might also look at the NP-440 transmission, came in the GMC and dodge trucks actually a three speed with fourth being the overdrive they used them from 1977 to `86, the RPO on them was MY-6, the ones used in the dodge where the same other that the bell housing you can`t use, the trans came in cast iron and aluminum....quite a bit stronger than the T-5...
http://www.bangshift.com/forum/foru...-a833-manual-transmission-question/page2I have a Ford 4 speed SROD out of an '85 Mustang in my old Ford Model T RPU. 4th gear is .78:1 ratio.
As stated previously, the ideal set-up is an overdrive transmission to tame RPM's while on the highway. And these 3 speeds are nice as they have pretty steep 1st gears.
Hope that helps!

John