did you count the teeth on the pinion and ring gear? If you pulled the pumpkin and it is a GM set, the numbers are marked on there you just have to divide. There wasn't a 3.23 offered on 1/2T trucks, only 3/4T tucks.
For an 87 R10 with the 700R4 and 305 or 350 the options on axle ratios were 2.73 (most had this), 3.08 or 3.42. You couldn't get 3.73's from GM on a 1/2T with the 700R4.