Looks and how they actually perform are two different things.
80's feels like a whale to me...stock or modified. The 120 Chassis, feels very sporty to me at least.
After driving my 80 (lifted, armored, stock geared with 35's), my (stock) 120 ('97 GX470) feels like a sports car. 0-60 in half the time, an absolutely INCREDIBLE suspension (KDSS is epic)...but nowhere near the offroad ability of solid front axle, lockers, 35's, etc. I generally prefer longer expedition trips over hardcore wheeling, so I've decided to stick with the 120.