The experts who have done this kind of work can elaborate on if that is a good or bad idea. From reading the vast majority of the threads on this forum, I will tell you that people seem to always replace the whole unit. I can't recall anyone doing a partial upgrade. Besides, first gear is really short (or low) on these cars, so moving to the 3.27:1 is not a problem, but a benefit.
RoddPagoda Technical Manual -
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http://www.sl113.org/wiki/pmwiki.php1966 230SL: arabian gray, natural leather, euro, auto, both tops
2006 C230: alabaster white, ash interior.
Without: automatic transmission, sunroof, heated seats, full leather interior, full power memory seats, CD changer, Logic 7, Command, rain-sensing windshield wipers, rear window sun shade, headlight washers, electrically adjusted steering wheel, ....