I am restoring my 81 K5 (44 inch tires). I installed a low milage military 6.2 and have a turbo kit from 6.5TD (might need a new turbo though) and TH 400.
Now a friend of mine is offering me a 6.0 Vortec and 4L80.
I know that the 6.0 has a lot more power but will probably get much worse mileage. Diesel is similar priced as gasoline where I live (Iceland).
This truck is used to travel sometimes for few days at the time (trails).
Wich engine would you choose and why?
I think you can be happy with either engine, depending on your purpose. How expensive is fuel in Iceland? Mileage isn't a huge deal over here, but our gas is cheap.
Pros to the 6.2:
Dependable
Easy to maintain
Fuel efficiency
No electrical issues from water crossings.
Low-end torque...kindof. That's really just a nice way of saying there's no high-end power.
Cons to the 6.2:
140HP
It's old. Gaskets leak, parts are harder to find, etc.
Pros to the 6.0:
Reliable. It may be a little more complicated to work on, but it won't often break.
In the States, parts are easier to find.
Plenty of power
Cons to the 6.0:
Keep the electronics dry.
Eats more fuel.
Personally, I chose the 6.2. Then I chose another 6.2. Then I chose another 6.2 + a turbine kit. It's a good engine. But for most folks a 6.0 is a better choice. If you already have your truck together, I'd lean toward keeping what you have. If you were starting from scratch, it would come down to whether you favor mileage or power.
If mileage is a concern, gearing is really important. You can't casually throw an O/D at your truck, it will change your cruising engine speed range. And the power band for these two engines is different. If it's geared happily for a 6.2 without O/D (let's say 1800RPM), it will be a slow dog with a 6.0 and O/D (because the overdrive will drop the cruising speed to 1250RPM). Either way, figure out your gearing and get it happy for the engine you choose. The 6.0 wants to spin faster than the 6.2.
Either engine can mate to either transmission, though a standalone controller is needed if you mate the 4L80e to the 6.2. And the torque converter will have a different stall speed.