side note, on ratios think about the gearshift sprocket. stock on my 1972 T120 was 19/47, which is a buzzy ratio that doesnt allow for freeway cruising at modern speeds.
i have cut three T120 chaincases for 21-tooth gearbox sprockets, and love them. the 21 will force you to use the gearbox through the lower speeds, but first gear becomes something useable in traffic, and high gear allows you to cruise along at 75-plus.
on a five speed, first gear does nothing except move your the first twenty feet. a 21-tooth sprocket is the way to go, unless you are running on dirt or in green lanes.