My '27 touring has had both KC Warford with the overdrive that was akin to 3:1 rear gearing, and now a Ruckstell 2 speed rear.
This T has Stipe 280 cam, .060" over alum pistons, oversize intake, NH carb, 'Z" high compression head. Was tested on dyno at MN tour this summer with 18.8 hp at the rear wheels. Stock T's at the testing pulled from 12hp to 15hp at the wheels. The rated T hp of 20 is only that, a rating, and that is at the highest rpm band. You won't be driving your T at the highest rpm band anyway. Don't think you can hit 25hp unless you do a bunch to the engine, like add overhead valve head or Model A intake carb and exhaust with adapter plate to the block.
The KC overdrive was ok for speed, but would not pull easy grade with 4 people on board, so had to shift back to std gearing (3.63 stock gears) to make low grades. Was slow in acceleration when in KC overdrive.
So I replaced that with Ruckstell (stock 3.63 gearing) as I like the underdrive it gives for steep grades. The stock gearing to me is the best.
If you do go 3:1, remember too you have lowered the gearing and stopping power with the T trans brake on the driveline is now reduced too. I have outside Rocky Mtn. brakes on my T for better stopping power anyway.