The 4-speed with granny is fine for me especially since I replaced the 4.57 with a 4.10 rear. I don't go faster than my ability to stop.
The granny gear makes a good parking brake since my original is not working.
1948 3/4-Ton 5-Window Flatbed Chevrolet 34 Years. Now with a '61 261, 848 head, Rochester Monojet carb, SM420 4-speed, 4.10 rear, dual reservoir MC, Bendix up front, 235/85R16 tires, 12-volt w/alternator, electric wipers and a modern radio in the glove box.