One thing does lead to another. You might as well start by laying out the options, costs, and what you want. Taller gears is easy enough, but going faster without better brakes and suspension upgrades is not such a good idea.
With the 3.90 gears, an overdrive tranny would be a nice upgrade. The 3.38 is another option. In either case, plan on dumping the stock "one shot" master cylinder and converting to a dual master, going through all the suspension stuff, adding roller bearings, maybe disc brakes up front. Tie rod upgrade, spring rebuild or replace, front sway bar, shocks, all lotta stuff to look at. $$$$ Or just maintain it, keep it running good , and stay in the slow lane. I'd at least do a total rebuild/upgrade of the brakes.
My '55 first is now waiting for the brake work. Too many close shaves, even at 40 mph.
