Mike,no disrespect but the rpm cal your using is not accurate,it shows rpms too low for sure.
For example,when i was running the stock setup 307 gear/m20,and 26" tires like you used for your calc my motor turns 2,400 rpm @ 60mph and your calc is 2,450 rpms (only 50 rpms more)for 342's @ 60mph with same tires and a lot more gear,thats incorrect.
When i changed to 331's with correct speedo gear,26" tires & m20 the rpm is 2,600 @ 60mph and you state 355 is less rpm 2,550 @ 60mph with more gear which is incorrect.
I have the correct speedo gear installed for each ring & pinion i was running so i know that was correct.
Again,my rpm #'s are real world what i got with same 26" tires with the correct speedo gears & M20 for each of the 2 gear ratios i used & i know my speedo is correct because i also clocked it against my wifes new car a while back and we were 1mph dif @ 60mph.
I calc the rpms for 342 & 355 gear @ 60mph with 26" tires and here is what got which i feel is right on or very close within 50rpm + - @ 60mph.
342 @ 60mph = 2,650 rpm
355 @ 60mph = 2,750 rpm
355 is too much gear for a daily driver with todays fuel prices IMHO. Even the 342s are pushing it for a daily driver esp with bbc that has good trq and can easily handle gear like 331 which is what gets my vote,but 342 max without an overdrive trans for daily use & even thats pushing it.
Scott