It really depends on the full combination of engine, trans, differential, and your desired driving experience.
Years ago a small group of us on RoadFly were discussing this, so I made up the Excel table below, and we drove our cars to see how accurate it was. The cars were:
- 1988 635 with an M30B35 Motronic engine, a Getrag 265/6, and 3.45 diff (Scott's 88)
- 1980 635 Euro with M90 L-Jet engine, 265/6 trans and 3.07 diff (Scott's Euro)
- 1980 635 Euro with M90 L-Jet engine, 262 CR trans and 3.07 diff. (John Calvin's Alpina Euro)
These tests were a bit hard to do because it is hard to drive, and watch the tach and the speedo, and maintain a constant engine speed all at the same time. Tire sizes also cause some errors. However, the results show the significantly different character of these powertrain combinations.
All three engines make about the same power, the M90's are 218, and the M30B35 is 208, IIRC. The M90 torque is broader and higher than the M30B35, and, being Motronic, is buttery smooth. The 3.07 diff really brings out the character of the 265 overdrive, but I suspect that would be lost in an M3B35 car, because it doesn't have the torque bandwidth to pull those high ratios.
I was not able to drive John's car, but he reported that one data point. I would imagine with its higher torque engine and lower gear ratios, that car would be a blast to drive in the twisties, but a bit of a slog on the highway. The 265/5 3.07 combo on the other Euro makes for a good mix of slower speed acceleration and high speed cruising.