G'day @Poortrol welcome to the forum. That is a tale of woe indeed.
My experience. Go find yourself an el cheapo Gq, black top 4.2. Pull that big sucker out and hand it to a good diesel mechanic. Not a backyard shop and not a national chain. There is bound to be such a service close to you. Specify what you want from the engine and insist on quality parts. Source your turbo, mine is a garret 2863, a three core radiator, bigger airbox and intercooler, mine is a frozen boost w2a with rear mount, under tray, cooling unit and two 250mm fans
All up about 20k. Then the fitting and wiring loom. You should get out under 25k.
The forum experts will set me straight here if I'm wrong but I don't believe engineering is required in Vic because that model was available with the 4.2.
My set up doesn't get over 80c temp, Egt's towing are rarely above 300c and it pulls like a schoolboy. All up a most enjoyable engine.
Depends on budget and time bloke. If you can afford both, hook in!
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