The big differences are the Gen 2.5 has Blister fenders and no body cladding on the doors (except the rear door) and it has 4.27 gears and 3.0 & 3.5 SOHC engine options.
The Gen 2 comes with plastic flares W/door cladding or just door cladding there are flatside models that have no cladding except the rear door as well but these are more rare (PR) gear ratios are 4.88, 4.63 and 4.27 depending on the year and package and engines are 12V 3.0, 24v 3.0 SOHC, 3.5 DOHC and 3.5 SOHC.
The Gen 2.5 has a slightly different transmission in '99 and '00, front bumper fog lights, more grab handles, dual front air bags, premium sound option, more sound deadening, slightly different buttons for the windows, light blue gauges, slightly different compass, split bench seats and the interior trim including the dash and center console has been more refined and made higher quality than the previous models.
The Gen 2 has orange gauges until '96 and dash handle until '96 at which point it gets dual airbags, the middle row comes in 3 different configurations that i've seen, full bench that folds flat, full bench that does not fold flat and a split bench that also does not fold flat. These trucks also had both types of gas tank, external and internal vents.
On the 1994 you bought, that is a unique SR and i've had a couple. They have different U-joints than any Montero, you may want to switch to the normal style when the time comes (PM me and i'll fill you in) these trucks are also the most powerful and this isn't written on any of the spec sheets this is just my experience but they have the least amount of emissions choking them out.
The reality of it all is that the Gen 2.5 is a Gen 2...