Highly recommend the road to the top of Mt Baw Baw.
It's a little further out of Melb, but along with that comes less traffic and generally less cops than compared to Mt Dande.
However it's always a bit dangerous when iving it a squirt, I've found cars coming the other way on my side of the road, and logs covering half the road.
I think quite a few cyclists get up that way too.