Both myself and Wayne (Blackwell) have, and in Wayne's case had, the 3.91 diff. Neither of us thought that 1st was too short, even at the extreme end of the ratio change. Pottering around town in lightfooted D mode is not much different to before since the gears simply change with the revs applied. However IF you want you can make the car more twitchy (another scientific term), and more importantly from a standing start the car flies away from standstill as the power band is reached much more quickly and sustained for longer during hard acceleration.
Whilst there are theories to dismiss the modification, I am talking solely from personal experience (as I have it actually fitted). If my life changed to involve a lot of cross country travelling, at high cruising speeds, then I would be the first to change back, BUT since 90% of my driving is on twisties or around town then I am more than happy to keep my faster version of the car. Not sure that a small change in ratio would be noticeable or even desireable due to the costs involved doing it, but looking at this thread and all the other ones regarding ratio changing, there is plenty of info for you to decide which side of the fence you would prefer to sit on
Since I now use a paddle shifter in S mode, the ratio change is even better. The revs are higher, and the power is on tap more. Seriously, my car even with a standard engine is no slouch now, and only supercars have a chance of embarrasing me