Rare,but they are out there...
I have seen only one 2wd K5 with 4.11 gears in the rear--never looked to see if it was a 10 or 12 bolt,but I'm leaning towards it being a 12 bolt...my friend bought the Blazer a few miles from me,and after we changed all 4 of the brand new but now junk dry rotted flat tires on it(guys wife we bought it from never got her license,let the truck sit 5+years in the yard with brand new tires on it!

),I looked the truck over good,since he had a long ride home..
-I noticed the glove box "build sticker" actually listed the axle ratio next to the "code"--first time I saw that listed,and it said 4.11 ratio!...the K5 was 2wd,and had a 350 4 bbl motor,an with those gears,it went like a raped ape!...my friend drove it 70+ miles home,and he said he was loving the acceleration and takeoffs!..had no trouble cruising at 70 mph on the highway too....
I havent seen many other trucks (1/2 tons) with gears lower than 3.73's either,no matter how many" bolts" they had,10 or 12....3.08's were THE most common ratio they had,95% of all the trucks I've owned or seen in junkyards had the 3.08's in them (most of the rest had 2.73's,even worse!)--even in GM vans and cars it was rare to see any other ratio's than those 2...I searched for a long time to find a 3.42 ratio axle for my G10 van,but I got a 2.73 ratio for free,so I put that one in--
I wish I had waited,for 2 weeks later a 3.42 ratio one arrived at the junkyard in a crashed conversion van---

--the van was slow enough when it had 3.08's!--its even worse now with 2.73's....the 3.42's would have been a much better choice,and even lower than that would have been even better!...but you just dont see them around--I guess its a "special order" to get any other ratio than 3.08 or 2.73....

..and not many were ordered evidently...
...guess GM thought the "high" gears would give better fuel mileage,but in many cases they actually REDUCED mileage,because the motor was lugging most of the time and not running in its peak power band..then they added overdive trannys on top of that,and things really went downhill...dont know how they expected a tranny to live for long when its always under strain..
