No good.
BB Cads like to tug, then sit at a low RPM....
different mindset then building a Chevy... Chevys lack the low end torque of the Cad, they need low gears to get them off the line, and then overdrive to keep the RPM down on the highway so it wont burn itself up.
BB Cads like high gears, they like to tug, engine accelerates slowly while car accelerates fast.... then for the highway, it dosn't need overdrive because it would just end up bringing the RPM too low.... BB Cads perform best (most highway MPG and engine is most \"happy\" ) when the cruise RPM is at peak torque (as with most cars) With my 2.28 gears that would be 2,000RPM right around 73 or so..... at that speed mileage was starting to go down due to aerodynamics of the body.... but right around 70 she would get around 18mpg... not too bad IMO.
The best trans for a BB Cad is the Turbo400, bar none. People that have built Chevies their whole life, then attempt a BB Cad end up runing it... they will throw in some insane gear like a 3.73, then have overdrive.... that'd be like putting the 2.28's and 3spd on a 350... it'll work, but it wont be happy at all.
Although the 3.08 you mentioned would be almost ideal, actually thats pretty much as low as I'd go with a BB Cad, but the overdrive isn't needed... it dosn't like to race thru the gears... it'll run better, and actually accelerate the car faster by tugging.
You can really hop up the performance on a 425 car with basic work... dumping the 2.28's for something like a 2.56-3.11 would help alot... but even then, I kept the 2.28's and got her going pretty fast... off the line, despite all the torque, she would bog, just because trying to get 5,000lbs moving with 2.28 gears would be like trying to push a football player with your pointer finger.... but 25mph+ and it was quick... floor it from 30 and it would downshift into first, actually push you in the seat and youd see the front end lift.... I miss that car.