As far as "reliability" you'll wish you'd kept the 4runner. Sorry, just saying. I'm not trying to stir the pot or anything, unless you have deep pockets for repair and parts costs. I tried a '98 Disco and then an '05 LR3, numerous and very expensive problems with both. Which is sad because I love the soul of the Land Rover. Later I was told should have gone with an older Disco I because they had lesser problems. Too late now though, I'm back into Toyota's again. If it doesn't have to be a DD for you then maybe it's a different story. I too would love to have another Land Rover as long as it wasn't my DD and had more money.:sombrero:
So wrong! Its no Toyota, this is true, but even that doesnt mean much these days. You are judging the species by the last of the Disco 1's and the worst of the LR3's. Get an early D1, 94 or 95 thats OBD I and youll be happy. Do the preventative maintenance and keep up with the schedule and youll have a vehicle that will go more places, with less fuss, than any 4Runner ever will. I DD my 95 D1 and it does just fine. I have stumbled upon a few minor spots of rust, nothing structural, that I need to cut and weld in but the same can be said for many of the same generation 4Runners that I have seen. The aftermarket is better for the Disco giving you more options when it comes to building, the visibility is miles better, the capability is much better, the mpg is worse though.
Find a nice 1994 or 1995 OBDI truck and youll be happy. There are less electricals and every single issue has been documented and remedied and is readily available. Going early, you will need to catch up on some of the maintenance schedules, which might cost a little bit up front BUT it pays for itself in the end. The more you drive any used truck, regardless of make and model, the more youll notice things that need to fixed to your liking.
Certainly, once you get into one, youll understand. Many of us that own them have not been left stranded by our trucks. There are things that will fail with age but repairs are easy and parts arent as expensive as one might think as long as you stay away from the stealerships. I love mine and wouldnt trade it for anything. Sure, a Jeep wouldve been easier but no where near as fun. I thought about a 4Runner of a Cruiser but they just dont fit with me.
Bottom line: You cannot rationalize a Rover. Its an emotional thing.