Gears in the 1/4 mile help provided you got traction, and you can use all of 4th gear.
In the 60-155 race for these two cars I beleive it will not make a difference, and here is why.
the viper with its 3.07 at 6k rpms can pull:
2nd to 86 mph
3rd 119 mph
4th 156 mph.
Z06 with its 3.42 gears, and 7k shift rpm can pull:
2nd to 91 mph
3rd to 125 mph
4th to 162 mph
Now put 3.55s on the Viper with the same 6k shift rpm
2nd 74 mph
3rd 103 mph
4th 135 mph
If both cars start at 60 and the Viper has the 3.55s gears, I bet the Vette will not jump it as hard, or they might even stay even for a little....
Now comes 74 mph, and the Viper shifts to 3rd, but the vette is still in 2nd gear on its sweet spot all the way to 92 mph and now it has more gear multiplication (2nd vs. third on the Snake).
At 103 the Viper shifts to 4th, and the vette is now in 3rd... again advantage Vette because of more gearing...
Now at 135 is when it will get really UGLY!, the viper will go into 5th gear, and the vette is just getting into its sweet power band in 4th, plus the Viper has done one x-tra shift in the race to make it to 160 ....Now is when the vette will put bus lenghts on the Viper..