My car was set up for 1/8 mile when I got it and had a very similar motor to yours. My car had a 4.86 gear in it.
If your going 1/8th only that would be my sugestion, but when I went to the 1/4 mile track I hit the 7200 chip at about 850 foot. Still coasted through to a 8.96 @ 101 mph....lol