People Calm down!!
I'm going to get a LR specialist to fit them if I decide that's the route I wish to take. All I wanted to know is that if by changing the diffs it would improve the road performance of my landy an drop the revs so I'm not putting so much strain on the gearbox.
Trouble is, that's not an easy question to answer.
1. What is road performance? It might give you a better top speed if you can still pull the same engine rpms, however if your engine isn't great then you may find it sluggish with a lower top speed
2. Yes it'll drop the revs for a given speed, but as said, you'll need to the power to pull it. Think of it like a push bike, the cogs next to the pedals. Going to 3.54:1 diffs is like going from the middle front cog to the large one. You'll go quicker, but it'll make your legs work harder.
3. Strain on gearbox, well again yes, potentially lower revs, but it might actually be as much or more strain due to the affect of the gearing.
It's not a bad swap, but it's probably not the first thing I'd look at doing on a Series. I'd make sure other parts are working and running right first.
And the big question is, do you or will you use it off road in low range? If yes, then 3.54:1 diffs will affect this in a negative way.
Also (and apologies if you've answered already) what size tyres are you running. If you're on standard 205's, then swapping them to some 235/85's or some 7.50's would be worth while. However if you're already on a tall tyre, then 3.54:1 diffs really will affect off road crawl speed.
As for the 4wd part. Well in normal use a Series is RWD, so as a test you could just swap the rear diff and see how it goes in high range. But evidently you won't be able to see what low range is like as the front and rear wheels will want to spin at different speeds.
If you are doing this yourself, then it would certainly make sense, but less so if you are getting a garage to do the work.
I'd look into some overdrive units, they are more pricey, but possibly a better solution.