3.23 was a 10 bolt ratio, the Borg-Warner 9 bolt rear axle mostly used 2.77, 3.27, or 3.45 from the factory.
Starting in 1987 G92 and L98(B2L) cars got the Borg-Warner HD 7.75 inch four pinion rear end,produced by GM Holden's Limited of Australia, along with Firebird WS6 cars starting around 1985 or 1986. The LB9/M5 G92 combo got 3.45 gears while the L98 got 2.77 standard and 3.27 was the G92 option. TTA's got the G92 option 3.27 rear. The Borg-Warner rear was dropped after 1989 and replaced by the old 7.625" 10 bolt in 1990.
While this rear was considered the heavy duty option, I think it was the worst feature of the late 80's thirdgens. They really shoulda put the Dana 44 in as an HD option or left the 10 bolt, which may be weaker in stock form but parts are cheaper and more available to fix the 10 bolt and make it quite a bit stronger.
HTH,
Steve