I'm not sure about what ratio would be best, but I will say this: Unless you have experience with this, I would just get it professionally done. Messing up backlash, shimming improperly, etc. could cause MAJOR issues. However, if you really want to do it yourself and you're willing to get all the proper tools, etc. and do ample research to finish the job properly though, it might be doable...
As for the front gears, you don't have to change them if you're never going to use 4WD. But if you do decide to use 4WD with 3.42's in the front and 4.56's in the rear, you can and will majorly f*ck something up. bad.