rally gauges and they were refaced and I think "rebuilt" about 7 years ago. Honestly, it sure sounded like it was running that high, and I know the dana 60 was originally from a b-body, and it had to be shortened, so it could be one of the 4.xx gears. I cant see any numbers on the right axle...maybe because of the customizing?
As for the tire size calculator, I'm assuming it is calculating that the sidewalls are 60% of the 275mm, which would be 165mm, times 2, plus 15" for the wheel...thats 27.99"....which is exactly what their calculator says. Theoretically its accurate, but real world numbers are not exact between manufacturers and brands, etc. Close enough for most purposes though.