I don’t have experience with the 3:38 gears, I do have experience with the 3:55z
I’m running a 302, with Pertronix, dual Zeniths, and a Truckstell .73 overdrive, with Patrick’s 3:55 gears, and 16 inch tires. It does very well and I use overdrive often. This set up in the 45 Art Deco GMC does very well. I’m confident your 302 can handle the 3:38 in overdrive. Log some miles for yourself and then adjust if necessary.