Thanks for the graphs Geoff, I was being too lazy in excel last night, in my defense it was after 12.
The more I look at the 4,10 the more I think it is right.

If the car does less than 5000miles per year(bare in mind all those rocker snaps

) i'd fit it. The difficulty you might have is getting a 4,10 medium case slipper. Andyboy made reference to how you can mutilate a £20 e28 4,10 diff and an e30 LSD unit to make one good 4,10 medium case slipper. Search for a wanted post by 'on_a_roll.'
Interestingly I think a 4,10 medium case diff would be worth more than even the rare'ish e30 LSD ratios because of its high FD and the fact it will fit small and large diffed cars(with some prop adjustments). The rally boyos would pay good money for a high FD slipper if it ever came to breaking it into bits.
To sum it up: 3,91 for the sensible'ish choice - it is still geared to do 140mph remember
4,10 would be more effort but much more rewarding on track I reckon. Slightly unpleasant on long drives though.
Anyone got a power graph for an m30 yet?