DONT DO IT!!!!!!!
youll regret it. your gas mileage will plummet, youll have to do alot more work than you think (dosnt it always work out that way), and it wont be nearly as bulletproof on the trail.
Id say get yourself a military surplus 6.2L, swap it in, they should be cheaper than dirt. Or go to a pick your part junkyard, and get a 6.5L turbo from a civilian setup. I personally prefer the 6.2L because its all mechanical, but there is a siginifcant power boost with the 6.5L turbo. My truck is stock and i havent been able to get it stuck or kill it, although im not a very serious wheeler to be fair.
My strong strong advice, having delt with many an engine, is to keep it diesel, its just a much better fit for these trucks IMHO.
For peace of mind, id say put some time into water proofing for future expeditions. figure out a way to rig a snorkel, raise the breathers for the differentials and tranny, or just run them to inside the cab. Im trying to remember if there are breathers on the valve covers..... i dont think so.