The 1FZ takes 3 belts, one of which is for the air conditioner. The other two are basically redundant and run the important stuff, giving you a lot better chance of driving home if you shred a belt.
Not super clear on the 3FE, but I don't see the removal of the AC pulley and belt on either of them boosting your HP much. I'm not a mechanic or an engineer, so I might be dead wrong. You can do a good tune up, adjust kick down cables and advance your timing for little gains.
What I can tell you is that as a non-mechanic, owning an 80 series is the best decision I've ever made. I just changed my original starter out (277k) on the side of the road in front of my place with the small bag of tools I keep in the cruiser. My head gasket was original at 272k when I had it replaced as a preventative measure in preparation for a month on the road.
I had a 92 and now a locked 97. I prefer the 95-97 80's for OBD2, the 2nd/PWR functions on the transmission (nice in 4L/Highway driving, respectively), and the power of the 1FZ. Mine pulls great on the highway with stock gears and 33's. The 92 had 32's on it and was a pig, and though people will argue this exhaustively, I definitely noticed the lack of power offroad in certain situations (especially snow when I needed some power at the wheels) compared to my 97. In terms of other areas where traction wasn't as much of an issue, the 92 was a beast.
As an added benefit, ih8mud.com is an amazing resource, and the 80 Series tech section has some incredibly Land Cruiser smart folks. With that being said, the OCD and attention to detail can run rampant sometimes, which is why you're worried about the dreaded HG in the first place. I'm willing to bet the HG failure rate is much lower than most other vehicles, and is probably only affects a small percentage of 80 series Land Cruisers when compared to the entire population. I see 80's all over the roads up here driven as DD's by people that have absolutely no idea they have lockers and haven't the slightest interest in anything like ih8mud or ExPo. Their HG's are fine, and they will never lose a second of sleep thinking about their birfields or the whether or not their truck has Toyota Red coolant or not. These trucks are so damned durable, it's ridiculous. They run all over the world in horrible conditions without modified fan clutch's, regular front end services, or even the greatest of gas at times.
On top of all that, locally, Cruiserheads are some of the most helpful people you'll ever meet, and I'm willing to bet there's a chapter of the TLCA near you that's full of people that could dismantle a cruiser and put it back together that would all be willing to help you out.
These baby's come overbuilt from the factory for the type of traveling most people on this forum do. Park an 80 next to a Cherokee and take a look at the axles/running gear/drag links/ etc. and you'll see what I'm talking about.
You can't go wrong with a Land Cruiser.
Being in Salt Lake, have you seen Moody's LX450? I'm assuming not if you haven't made the decision to pick one up already :Wow1:
-Mike