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Currently got a 172 cup (ph2) that's being stripped for track days, needs a new gearbox as the diff is dead! I know the ratios vary a bit, any opinions on which gearbox would be best?
Ratios don't vary between the phase 2's not that I've seen anyway. The speed difference I found by hitting the limiter in 4th in my 182 and my 172 cup on track was accounted for by the difference in tyres. 195/45/16 vs 205/45/16. Phase 1 has taller gearing by a smidge.
Your main issue is the Speedo drive so it's easier to stick with cup boxes.