I've had 4 3rd gens and 0 80 series LCs so I am most definitely biased. I drove a few LCs, I wasn't impressed by the power at all for something that gets 10-14 mpg everywhere. You're in 3/4 to 1 ton gasser territory there. Handled like a big heavy pig, and the size would be prohibitive some of the trails I do.
Of the 4 3rd gens, the most expensive thing I can remember replacing was two leaking CVs on my 96 at 140k, followed closely by an alternator on the same one. I've had a 96 limited, 97 limited, 02 SR5 and my current 99 SR5 5 speed, well over 200k miles covered combined, nothing to really complain about. I added a factory locker to the 96, the 97 came with one stock. It's a day project to swap the whole axle and wire it up with your own switch. My 99 looks like it is wired for a locker already, so I will probably be going the same route on that one or just modify the housing for a TRD third. All were good, 02 was my least favorite due to the absolutely retarded traction nanny they added and woeful stock suspension. The 99-00 models are worth looking for IMO, 96-98 as a runner up, 01+ if it's a good deal. 5 speeds pack more of a punch for sure, but I can't complain about the auto, I literally beat the crap out of my 96, yanked around 5500lb boats, loaded it till I was resting on the bumpstops with firewood and gear running through the mountains, and the tranny never once balked.
Of the 4 3rd gens, the most expensive thing I can remember replacing was two leaking CVs on my 96 at 140k, followed closely by an alternator on the same one. I've had a 96 limited, 97 limited, 02 SR5 and my current 99 SR5 5 speed, well over 200k miles covered combined, nothing to really complain about. I added a factory locker to the 96, the 97 came with one stock. It's a day project to swap the whole axle and wire it up with your own switch. My 99 looks like it is wired for a locker already, so I will probably be going the same route on that one or just modify the housing for a TRD third. All were good, 02 was my least favorite due to the absolutely retarded traction nanny they added and woeful stock suspension. The 99-00 models are worth looking for IMO, 96-98 as a runner up, 01+ if it's a good deal. 5 speeds pack more of a punch for sure, but I can't complain about the auto, I literally beat the crap out of my 96, yanked around 5500lb boats, loaded it till I was resting on the bumpstops with firewood and gear running through the mountains, and the tranny never once balked.