When I swapped out my cam in my 318, I had 2.76 gears. I went with the
Lunati 10200701 cam and the stock 675 heads, unported and stock single pipe exhaust. A performer intake and 600 cfm carb.
After about two years that simple set of upgrades utterly destroyed the 7.25 pegleg.
Consider upgrading to at least an 8.25, or check out the threads on converting a Ford Exploder 8.8, preferably with some steeper gears, probably in the 3.23-3.55 range because it will be a lot more fun to drive. There is also craigslist to find 8.75 rear ends. I know that this was sort of a tangent, but just remember that you
will break a 7.25 with the 2.76 gearing if you put too much torque to it.
Edit;
With my new rear end and 4.10 gearing, that lunati cam I have in there now just isnt enough, but that is fine because the long term plan calls for 4.10 gears. Just have to save my pennies to afford my build plan.