Here's a reference to gearbox ratios -
http://www.alfa-pages.co.uk/gearbox.htmWe have the short ratio box in our 1.5 Sud used for club sprints, and it's definitely noticeably quicker accelerating out of corners than the longer box. Great for on the track and not too short that you run out of legs at the end of the straights (well not yet anyway).
On the other hand I used to have a 1.5 Sud Ti with the longer gearbox and the gearing was much nicer for on the road, particularly on the highway at 100kph, revs stay at a reasonable level whereas with the 1.2 box it's over 4000rpm.
Horses for courses I guess...