What if I want to go slower than the slowest speed I could go with the engine idling, in 1st gear, low range? It's certainly possible to wheel with big tires, 4.10's and no reduction in the t-case... but it's pretty hard on the rest of the rig when you have to slam it through all the obstacles at full throttle because you don't have the gearing to maneuver a tricky spot without killing the engine or the clutch.
V8 or 4 cylinder plays a small part in it, but there's more to it than that. Yes the V8 probably has more torque in the lower rpm range, but "more torque" only gets you so far when you're talking about comparing it to a 100:1 or so final drive ratio. I'll take an anemic 4 cylinder low geared rig any day over a V8 with no reduction.
And for the record, I run a stock 231 t-case behind an AX-15 and a 4.0L, and 5.13 gears. It's not slow enough for some stuff, even with the torque of the inline six 4.0L. I am not worried about the strength of the ring and pinions. Down the road, when I finally get around to putting the front 60 I have in and either a 60 or 14 bolt for the rear, I will initially stick with the 4.10 gears, but I will be either buying an atlas or doing a doubler of some sort.