It's likely that the axle was shared with MG. There were different ratios.
MGB -3.9:1
MGC - 3.7:1, 3.3:1, 3.07:1 <depending on whether auto or with overdrive.
MGBV8 - 3.07:1
Early Plus8's had quite a low ratio - it may have been 3.9:1, which is why they were so quick to 60mph, but at some stage the ration must have been altered - the 3.9 doesn't suit the Rover V8 characteristics very well.
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DaveW
Red Roadster