According to "Corvette by the Numbers", the 1978 rear axle code takes the format: XX Y 999 Z
where:
XX is diff ratio, where: OK=3.08; OM=3.36; OH=3.55; OJ=3.70
Y is assembly plant, where B=Buick; C=Buffalo NY; D=Cadillac; G=Detroit Gear & Axle; K=McKinnon Industries; M=Pontiac of Canada; O=Oldsmobile; P=Pontiac; W=Warren MI
999 is day of year, where 218 = August 6, 1978
Z is shift number, where 1=first; 2=second; etc