Yes, you're right. The 2.73 and 3.08 gears are hard on the transmission. #1 the added strain, and as you mention much more downshifting and TCC locking and unlocking. With 3.73 or 4.10 I'd have to agree with you, the motor probably would feel very little of the strain and might unlock the TCC on a grade, but likely not downshift. You get the right set up and modify the 700r4 enough, with boost valves and the right 3-4 Clutch pack with some good holding power in the pack you might not even unlock the TCC.
That is one of the few things Pops and I disagree on 700r4's is the 3-4 clutch packs. He likes to use the Z pack which is like 14 clutches and steels, but they are thinner and one sided, and he also like to leave the added retrun springs in the drum. Part of the 3-4 clutch problem failure is due to heat, fatigue and coning of the clutch disks and steels. It doesn't make sense to me when something is coning, that you use even thinner material. GM came up with these return springs to get the 3-4 clutch to come off faster and not drag THINKING that was the problem in the 3-4 clutch pack.
I like to alot less clutches and a 3-4 kit made by Red Alto that addresses the coning issue. If you can keep them from coning, then all the attributes of the pack will fall into place too. Granted its probably heat that causes the coning which has a domino affect. This is why you use upgraded boost valves and servos with more holding power and snappier shifts to keep things cooler. Once you have the good servos and boost valves, and raised fluid pressures, you don't need the return springs that actually more of a hinderance than good, so I leave them out. If I can find it, there are even some GM TSB's about the spnigs that say to leave the springs out now. But, what the hell... It would make a boring ass conversation if all Trans builders just agreed with each other all the time. Hahaha, and why the hell am I talking about a 700r4 anyway? Aren't we talkiing about gear ratios and lifted suspesion ??? I'm a bad mod setting bad off topic examples.