I built this a few years back, it is based on an 80 series chassis and is powered by a 2013 GM 5.3 all aluminum LC9 with a factory paired 6L80E automatic.
Overall, it has been a fantastic combo for me. I've put 15k+ miles on it in the last few years. Even with barn door aero and 40" half sticky Milestar Black Label tires it gets 15-17mpg if you keep it under 65ish. If you want to push it 80+ on the interstate all day that drops to 13-14mpg. I didn't swap it for mileage, but with the 27 gallon tank it makes for some good realistic range for off road adventures.
The 6-speed automatic changes everything for the better on and off-road. The broad gearing is great for making a mild low range work extremely well. The double overdrive makes sand, desert, and mud a lot more fun when you need a bit of wheel-speed. I will say you want to get the axles a bit more than you normally would.....and run a bit less low range. I'm running 5.00 effective axle gearing and with 40s it isn't quite low enough. It will hunt 5-6-5 on the interstate at 80-mph and becomes more sensitive to wind and smaller hills. Off-road though, it is already plenty low enough with a 54:1 crawl ratio and the automatic. I highly recommend not gearing the magic out of automatics by using too much low range.
The engine was tuned and the 4cyl mode displacement on demand system turned off. With barn door aero it just won't work right. Overall, 300-350+ hp has been plenty for a vehicle this size. 400hp would be more fun, but I think that would tax the 80 series chassis too much with larger tires.
I will say the one downside to this combo is finding someone that knows how to tune the 6 speed automatic. I recommend finding a factory engine/trans pairing if you go that way. Have the low range pin added to the ECM. In my opinion the 6-10speed automatic stuff REALLY needs to know you are in low range to work right. They are just adaptive enough to know that something has changed, but not really smart enough to completely compensate for the added low range gearing. Most tuners ignore this. There are aftermarket BCM modules now that can handle a lot of those functions....low range, cruise, tap-shift, etc. That is what I am working with now to further improve things.