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I went from a 10-bolt with 3.73s to a 12-bolt with 4.11's, added an Underdrive pulley and the car put down the same exact HP on the dyno.
You'll get TQ multiplication with the gear change, and less drivetrain loss with the UD pulley, so overall you should conclude that the 12-bolt will have a ~5-7% power loss over a 10-bolt.