Thats not a good ratio for the 700R4 trans, which has a 3.08:1 first gear.
Also the 3.90:1 gears won't fit in the stock rear end housing.
3.55:1 gears are great for an '82 and other than changing the speedo gear there's no custom work needed.
But of course, you're free to do what ever you want, it's your car, have fun with it and good luck, you can always get help here.
Dave
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Lifetime Member #116
Dave's '82