3.91s in my 340 now!

I also have a 72 340 Duster that originally had 3.23s and have swapped to 3.91s. Although my 340 is now 422” and I run a 4 speed. In my opinion 3.91 and a 4 speed are a match made in heaven for a street car.
3.91 gears are a good balance of ratio and MPH, but the tire size will play into your 1/4 mile time. I run those gears with a 365 4spd and found that a 26" tire is a handy cap for mph. 3.55 gear ratio pulls a better mph by 3.5 mph but a 1/3 second slower et.