I have yet to look at my gearing but with a 5.7 350 tbi i'd expect some spinning.. not just a slow-ass poor excuse of a take off.....
I have a similar setup as you, 94 blazer 5.7 tbi, my truck has a 3.42 rear end (gu6 code in glove box). I have been "tuning" it by fuel pressure and whether it will burn out or not. I replaced my map sensor and it would smoke em on a brake stand. I have never been able to even chirp from a good start tho. There's a lot of factors, but I feel like it should be able to, so that's my goal. Not just bc I want to burn out, even tho it's good to know you can when u gotta flex on somebody, but It's my way to gauge overall performance.