If you want it to be a toy or a weekend getaround machine, not a commuter or everyday family car, sure get a D1. The 5 speed is the most fun and the flexibility is better (had to bump start one several times over the years). Unfortunately unless you are on top of the trans output shaft/TC input, all the engine mounts, the frame bushings, the prop shaft joints, the diffs, axle shafts, wheel hubs, etc., that car will be a rubber banding machine with the V8 (the diesels have less of an issue). The auto I have not seen any rubber banding or serious perceived slop as that transmission does a good job of eating up play. For regular commutes, all weather driving, off road driving, long distance trips with family or friends, the LR3 is a good choice. It is quieter, faster, better handling, more comfortable, and safer.
I have not seen anyone mention here in the thread but the unspoken demon of the NAS D1's is the interior. The plastic quality is so bad compared to anything modern, even defender from similar years or range rover holds up better. You will break interior pieces that are just nigh impossible to find and you will (like me) start hoarding any rare pieces you find because so much interior trim is fragile. Compared to an LR3 which has a far more functional and durable interior, and you can find parts nowadays, not even a fair comparison. The engine serviceability of the V8 D1's is good, I had an easy time changing basic things like fluids, belts, sensors, filters, plugs, wires, etc but the interior and electrics makes me hate it so much when a defender from the same time is so user friendly. The LR3 is also pretty easy to work on. A lot of it is plug and play components, ESPECIALLY in the interior.
The 3.9 was ok, the idle control and throttle control are terrible (ancient stupid computer - this was 14cux). The fuel economy of the D1 was about 9mpg average over 4 years. LR3 is about 13.
The electrics are pretty bad on the D1 compared to the LR3 where everything works well (barring known issues mostly water ingress). I had a check engine light in a D1 for 4 years and an electronic door locking system which refused to work and set the alarm off all the time... the whole car electrically is a nightmare. Don't imagine that because they used D1's as camel trophy cars they are like that because the actual camels are ridiculously simple by comparison and had some of the best non-factory modifications.
The only thing the LR3 does not do the same as D1 is pure simplicity, and probably its potential for serious drive train modification with good aftermarket support. And the D1 is not as simple as a ROW range rover or ROW defender, which is what you will wish you had.
I had an LR3, loved it, then a D1, hated it, dumped tons of money into it chasing a GOOD car experience and sold it at a loss when it was never GOOD, at least compared to my earlier experience with the LR3. I bought a second LR3 which is a GOOD car. As for the D1, If I could have had a base model, 2 door, cloth interior, NO power lock OR windows, and a Tdi, I would have THAT one.
WHATEVER YOU BUY GET IT INSPECTED FIRST.