Paul,
The gearbox that you are showing in the photos is a Pantera ZF 5DS-25/2 gearbox, which is a VERY good thing. If it's in decent condition it's worth about $6000-7000, and the extra ring and pinion are worth another $2000 or so. As an unknown quantity in need of a rebuild (which I would suggest that yours is), it's only worth $4000 or so.
The stock rear end ratio was 4.22, which sounds pretty low, but both 4th and 5th gear are overdrive, so a 4.22 gives about a 160 mph top speed. Changing to a 4.11 would actually make the car marginaly faster (but not as quick), so it's likely that dune buggy man switched to something more appropriate. ZF doesn't make a 4.11 anyway. Final drive ratios were 3.77, 4.22 (stock) and 5.25, the latter of which would seriously limit your top speed, but if he changed it that's probably what he used--or something along those lines. Assuming he geared it down (for off-road performance) and not up (for higher top speed), your best bet would be to retrofit the original ring and pinion. The gear ratio will be engraved along the circumference of the ring gear.
Rebuilding a ZF is NOT a job for an amateur--in fact it's not even a job for a professional transmission shop that has never seen or worked on a ZF. They are finicky, tricky to set up (although it's apparently not all that hard if you know how to do it AND you have the numerous special tools required). Too, inverting the gearbox to run in the original GT40 configuration is a non-trivial exercise, as there are several internal modifications that need to be made to the case.
POCA, the Pantera Owners Club of America, sells a reprint of the ZF shop manual (which covers both the 5-DS-25 and 5-DS-25/2, but oddly not the /1 variant) through the club store, at
https://www.asajayinc.com/pocastore/
The manual is $23, and is very well-written for a professional. I suspect reading it will convince you of the wisdom of entrusting the job to one! There are numerous internal tolerances which must be set up very exactly, using a bunch of extremely fine shims. Unless you have a bunch of these exact shims on hand, and know somebody locally who wears a pointy hat with moons and stars on it who works on high-end gearboxes, I'd plan on shipping it off to one of the pros and then waiting a LONG time to get it back.
Plan on budgeting a minimum $3000 to have your gearbox configured for the GT40 application and freshened, knowing that the price could go down slightly, or go WAY up (like, $6000 or more) depending on what it looks like inside. There is nothing worse for a gearbox than sitting for 30 years unused; it's quite possible that it will be extensively rusted/pitted above the 'waterline' of the oil that was (hopefully?) inside this whole time.
You will also have to buy a new bottom (now top) cover incorporating mounting lugs, from which the gearbox will hang. That's another $500 or so, although you will probably be able to trade in your old bellhousing for a few hundred bucks.
Have you decided how you want to actuate your clutch? The Pantera used an external slave cylinder, but most GT40 guys are running a hydraulic internal throwout bearing. You're fortunate in that your gearbox has the setup for the external slave; if you choose to use that (which personally I would recommend), you'll have to conjure up a method of mounting the slave cylinder. Some GT40 bellhousings are drilled/tapped to support a slave cylinder mounting bracket and others aren't. There are several different schemes available; others here will have more specific guidance.
If you go the internal throwout route, that will render the L-shaped arm the slave cylinder actuates, and the internal cross shaft it's connected to surplus to your needs. To give you an idea of what those parts are worth, check out the Panteras by Wilkinson website. Here's the L-shaped clutch arm:
Panteras by Wilkinson On-line Store
and the bellhousing:
Panteras by Wilkinson On-line Store
Here is the page that shows the cross shaft and clutch fork and etc.:
Pantera Store
The retail value of the cross shaft and fork pieces combined exceeds $500. With the bellhousing and clutch arm and stock bottom cover you're nudging against $1000, and I'd see about offering up those parts as a partial trade towards the cost of your rebuild.
Good luck!