Scotty, I'm not sure how to answer your question about gear ratios. The bigger the number for the differential gearing, the more power you'll have, but you need to have some idea of the weight you intend to pull, and also consider the gearing in the transmission. On an '86, I assume it has the 3-speed automatic. I had an '88 Chevy one-ton, single rear wheels, 350 engine, 3-speed auto, and 3.73 rear end that I used for awhile to pull a 10,000 pound fifth-wheel trailer. It wasn't bad, but it wasn't quite good enough to suit me either, so I traded up to an '89 Chevy Dually with the 454 engine, 4.10 rear end, and of course the 3-speed auto, but added a Gear Vendors overdrive unit. That was a real pleasure to drive. Then I had a '92 Bounder 40' motorhome, weighed in about 18,000 pounds, actually a '91 Ford 460 engine, 3-speed auto, and if I remember right, 5.11 rear end. I added a U.S. Gear overdrive unit to it and it was pretty good; not as good as a Gear Vendors, but not bad.
Each of the manufacturers publish a trailering guide showing their maximum "recommended" trailer weight, gross combined weights, etc. with different combinations of engine, transmission, and differential gear ratios. Any dealer should be able to tell you, or you can probably find the information on the Internet.