I'm trying to figure this all out as well. I think it's probably best if you have some idea of what your whole drivetrain package will be (engine, trans, diff, tire size). I have a 318, 904 with what I assume is an open 2.76 and 205/60R14's. My axle is begging to be overhauled, so that's what I'm starting with and was recommended the 3.55 true trac. I talked to Dr Diff and told him I planned on doing some road racing and freeway driving but no drag racing. So my plan is to start with the 3.55 true trac, then figure out wheels/tires/brakes and then later on I can figure out my engine/trans combination. I want to stay small block and want to convert to a manual transmission. I plan on doing some longer freeway trips so I'm guessing I'll need either a 5speed or 4spd OD. Oh, and I don't have a tach but my car seems fine cruising mid to high 70's right now. I know that'll change with the 3.55 and new tires, but I figure I'll get cruising speeds back when I change transmissions.
-Dave