Hate to put it this way, but for the sake of discussion... The word "optimal" doesn't exist here. ;D
More like an optimal range if anything. All depends on what the individual likes/wants, with how the engine is tuned (where the power comes in and goes away), the type of transmission, and the EXACT tire size. I emphasize the word "exact" because even one size difference can make a very noticeable difference in some vehicles. While the jump from 32 to 33 inch, or from 33 to 35 inch tires might not make much difference to some, for others it makes a huge difference in feel and performance.
So just like a lot of things with Broncos, "it depends" on many things.
But to narrow it down, for our purposes of general Bronco use, most people like the 4.11 to 4.88 range. With 4.11 being biased to street use with a good torquey engine, 4.56 being good for a large group that likes to do it all, but spends more time on the road than on the trail, and 4.88's for those that prefer to bias their performance to off-road and/or have an overdrive transmission they can use on the highway.
With an overdrive, either auto or manual, 3.50 gears would make overdrive pretty much useless (even going down hill sometimes!) and even 4.11's would be borderline with 35's. Better with 33's.
So with 35's and an overdrive, 4.88's might give you the best of all worlds, with 4.56 leaning more towards the street and a torquey motor.
Then again, you have to factor in the front axle, which, unlike the rear Ford 9", gets weaker as you go down in ratios (higher numerically). Which means that if you're a hard charging off-road foot-stomping fun-loving driver, your front 4.88 might snap it's pinion the first time out.
But that's another subject...
Paul