But yes, bottom line is your setup is perfectly fine and millions of other have, do and will do the same as you with no ill results. I'm doing the same soon but with a Regal and a Buick 350. Still a TH350 and plan on getting a 3.08 posi for my 7.5 rear. the lower the number the rear end the less your crusing RPMS will be, hence people calling gears like 2.29:1 or 3:1 "highway gears". They were put in many base model cars in the olden days (as new as 25 years ago, some newer) to keep rpm down on the highway. these rear gears 2xx to about 3.23 are meant for good mpg. But if you like roll racing or top speed they're great. Steeper or shorter gears 3.56,3.73,4.10, etc are to get you out of the hole quickly. Gears as high was 5.5 or 6 to one have been used in heavy trucks and off road vehicles for years. I find a happy medium is 3.42-3.73. Low enough highway RPM (especially with an O/D trans) and steep enough to get a good hole shot for racing.