They are both good transmissions for what they were designed to do.

The they both have the same ratio in high gear (1.00:1 - direct drive).

The 4-speed has a very low first gear.
The 4-speed is considered to be a very heavy duty transmission.

Changing the 47-55 1/2 ton rear end ring & pinion to a 3.55 gives you the same higher speed at the same lower RPM.