Hi
Gas mileage when not towing will be better with the 3.73. Gas mileage when towing will be about the same with both of them. Low end will be better with the 4.3. Essentially you will have something that is closer to a diesel torque wise with the 4.3. The more loaded the truck and trailer are, the more the 4.3 will help you. The more trouble you are in pulling out of a site, the more the 4.3 will help you.
None of this says you *need* the higher ratio. Like a lot of truck decisions it's a tradeoff.
Bob
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