Put 4:10's in my 1990 5.0 and did not like the them. Too whiney and tachy, even in 5th gear. Did bring my 1/4 mile time down from the 14's to the low 13's with a stock motor. Switched to the 3:55 instead, much better.
Have a 97 Cobra with stcok 3:73's and I have no problem with that ratio. If you're looking for short distance performance 4:10's are fine, but don't plan on too much freeway driving.