I thought the 203 low range was a lower ratio than a 205 low range?
Though it's hard to imagine needing anything lower than an SM465 granny and NP205 low range. The first and reverse in my 89 K1500 5 speed is so fast that I use the low range (241?) around close places even not needing 4wd. But my old 2wd 76 with the SM465 would do just fine until I had to climb or more often back up a steep slippery hill. Seems like the 465 granny/reverse is just about as low as low range and 1st/reverse in my 5 speed (3500?).
I had a 91 Suburban with apparently the 208 and never had any problems with the t/c but I also never pulled stumps and semi trucks like I did with my old 205 pickups