Now compare that same truck, but with 4.10 and the truck with 4.10 will do everything better. Only potential downside is you may lose a little fuel milage on the highway. But even that can be a wash sometimes.
In my opinion, the only way 3.42 gears can be bearable is if you never tow anything, don't care much about off the like feel, and never go bigger than stock tires. Maybe in a lighter weight 2wd truck, 3.42 would be OK, but after driving both, I'd never opt for the 3.42 truck under any circumstances. There is just no downsides to me of having the 4.10 gears, especially on the 4 speed trucks. The 6 speed changes things a little, but my opinion is still the same, in that all these trucks should have 4.10s in them, or at least have it as an option again.
But yes, if you never tow, keep the truck stock, and just put around, the taller gears are ok for some. If using the truck like a truck, especially towing, and like to get a little meatier tires under it, the tall gears just don't work the best. These motors aren't stellar as far as power down low, so they definitely benefit from running a little higher in the rpm range, and having more use of the rpm range throughout the gears.