SROD Gear ratios always had a huge over drive on a narow ratio 3 speed gearbox. On a 5.0 Mustang with 3.08 or 2.73 diff, no worry. On a 3.08:1 diff Mustang GT or Capri RS, just way over geared. The four cylinder 3.45:1 would have worked really well.
In a quarter mile, any SROD behind a 3.3 will do pretty well as long as you can change down one gear at 65 mph without over reving the engine.
This is a very important rule in gearing, one pioneered by the Germans (VW~Audi with success in the Jetta and 5000, BMW with terriable results in the 525e and Australian market 520i, the worst geared cars of all time).
If you used a 3.55 to 3.45 ratio gear, it will work brilliantly. You can cruise at 65 mph at 2200 rpm or so, and it goes up to a perfect 3200 rpm when snaped back into 3rd. Over all first gear is not too high, so everything will work perfectly. The icing on the cake is that most 200's when worked up to what is hopefully 125 hp net with a better carb, head and exhast system will find that this gearing will give the best acceleration.
The Mustang I6's use of the 3.08:1 gearing was purely because of CAFE fuel figures and emissions compliance. In Cali, they didn't even allow 4-spd manuals to be sold because they wouldn't pass the emissions standards. Upshot is that all overhead valve 3.3 sixes in 2500 to 3000 pound cars work best with diff ratios in the 3.55- 3.23:1 range, and a big overdrive fro cruising.
Go for it!