If you've got the 1.41:1 ratio box in the TD5 now then you're looking at a 29% drop in the final drive gearing. :shock:
Even on 205R16 tyres this may lead to the vehicle being hard to pull away, you'll be in 2nd or 3rd gear to hold 30mph, any uphill incline will require dropping down one, maybe two, gears but you'll do less revs on the flat for cruising (if you can get there in the first place).
Mind you, I could have the maths all wrong, someone'll tell us if I am.
The low range will be unchanged as they are the same across the board, only the high ratio differs.
If you're looking for better cruising cos the engine is screaming on the motorways then, IMHO, you'd be better going for the 1.22:1 transfer box out of a Discovery with only 18% gearing drop.