The LT77 ratios are very close to the standard 4-speed, but 4th is still direct with an overdriven 5th gearset. Whichever way you look at it you can't escape the 1:1 ratio of 4th. You could turn 4th into 3rd, but if you're going that far it would be as much effort to completely reengineer the transmission. Again, sorting the diff ratio remains the easier option.
For the record, the vast majority of manual boxes in old British cars have a direct 4th, as it's far simpler, more reliable and cheaper than having an addition gear set for the sake of a minor deviation in ratio.
I think this design approach fairly conclusively explains the British motor industry's reluctance to develop 5-speed transmission until the mid-70s, and the widespread use of bolt-on overdrive units as a result. Europe was adopting 5-speed from the early 60s.
But we digress.....