I think the 700R4 has about a 30% overdrive so take 0.7 times whatever rear you choose to get a final drive ratio. The 3.42 gives a 2.39 final which may be a little shallow for bucking head winds or in hills. The standard factory OD rear for years was a 4.11 which gave a 2.88 final. I think modern engines can handle a bit less gear but one reaches a point that using a bunch of throttle to maintain speed ruins the shallow gear economy.


Evan