I have to disagree about the LT1. I DID run a TPI in a trail truck that got lots of mud and abuse, and never had any problems related to the swap.
But the only weak point I can see with the LT1 is the Opti, which I have replaced with a Delteq system in my LT1, which is bulletproof. This unit would easily take mud and water (all the wiring is water tight) so that takes care of the Opti, although it costs $600.
I don't know what more you could want with low end torque. I have a '97 LT1 6-speed and with 275/40-ZR17's I can't put the hammer down until halfway through 2nd gear without just smoking the tires. It's got WAY more low end torque than my TPI did.
I'd go with the LT1. Be a pioneer!!! People thought I was nuts for putting a TPI in a trail truck (back in 1994 people were just now figuring out how to put them in cars!) and I ran it hard on the street and the trails for several years. The LT1 is the same way right now. Not many out there, lots of nay-sayers... If I had the cash I'd do it.
I'll try to find some torque and hp curves for a stock LT1. The torque curve is very flat.