I need ideas??
Soooo I have not posted any updates in a while. I have been trying to figure out what to do. So here is my dilemma. I was given this GW for free and only know some of it's history. It had been setting for a year, but only has 124K and is in OK condition otherwise. I got it going again by giving it a motor flush, radiator flush, new hoses, new belts, filters and a tune up with the TFI upgrade, new plugs, new wires etc and fixed the worst oil leaks (valve covers)...
Now I have it running like a top. Starts good, has a good idle and makes good power. The only problem are, it has a schizophrenic oil pressure reading on the dash gauge (I suspect the gauge or sending unit) the tranny leaks like a sieve (it's going to be rebuilt if I keep it) and still has lots of oil leaks to fix. I also did a compression check and it was between 125 and 130 psi in all 8 cyl.
My problem is I would like to make this not only my daily driver but a reliable travel rig. I live in West Texas and travel quite frequently to some lonely places with my family like, Big Bend, Mexico, Central New Mexico, Colorado, Moab etc to wheel. I do not wheel hard core, just out of the way places where a breakdown would be a major obstacle to overcome. I need this engine and truck to be one I can trust to take me AND get me back. So I am trying to decide just how far to take the preparations of the engine.
Given my goals should I:
Pony up for a full engine rebuild? (Local quote $1695) My thought is then I KNOW what to expect...
Just rebuild the oil pump, pull the pan and clean it out good, replace all the gaskets and seals and major acc like water pump, alt, etc and call it good to go
Chance it until I get stuck somewhere in the desert far away with my family, then worry about it.
Something else??
I am open to any advice, I am just trying to weigh my options and what would be wise without going completely overboard or O.C. I am very afraid that I will pour money in this truck all to have it fail me and that it will just be a money pit. I go back and forth between "hey some money and time and this could be a trustworthy expo rig" and "man just sell it and get a better platform that needs less money and attention".
Any advice????