probably two piece cuz of the M40 tranny, or because of the 454. one or the other, anyways.
just sounds like a more deluze truck is all, with biggest drivetrain as fas as engien and tranny go.
3.08 is not surprising with 454, rear axle always got higher ratios with bigger engines, its always been like that,.
in the 68-72 yars the 396/402(400 by GM specs) would get 3.07 12 bolt gears and sometimes 3.54 dana 60 if was with np435 tranny, there were other tranny options that could get you 3.54\, kinda different each year, really, would take digging through these data sheet pages to list it all out,,
good luck