All gearboxes final gear is 1:1 as far as I know. The object of this exercise is to be able to a) get through the gears more quickly and more flexibly (I have run a 4 speed, and whilst very robust, never had the gearing options to get out of bends and accelerate quickly), and b) due to it's close ratio, it will be possible to change the gear/rear wheel sprockets to increase the top speed. A 23 gear sprocket with a 46 rear wheel gives 2 engine revs for one rear wheel rev. If you can change this to 21 gear sprocket and 36 rear wheel, the engine rev is 1.7 for 1 rev of the wheel, hence a faster top speed. Examples only used here for clarity. Of course, you need to be careful that you don't sacrifice the torque too much just to gain some extra speed, or vice versa.
I also have 'Gearing Commander' calculator, and just playing with this shows the results in speed and torque.
I ran a 5 speed Quaife for many years in a 100 BHP Imp engined unit before it blew, and the 4 speed Norton just seems to keep going (13 years hill climb and 2 years road racing) with a slick up change without clutch.
Appreciate your comments.