My experience with the late model engines is that they need to be revved up to do anything. I have a 6.0, 6L90E truck at work, and it needs some throttle to make a noticeable change in speed. And it the fuel economy is nothing to talk about around town. Usually 11 to 12.
The other thing that I suggest that you check out before you pull the trigger is the manual transmission which you just installed. What I find is that hooking up to an old manual transmission takes some tricks to have everything work nice together. I don't have actual experience yet, but I have looked into putting my '95 NV4500 behind a 5.3.
Just food for thought.
I’ve heard of it being done LS + SM465. Not sure what it takes. This isn’t something that’s going to happen over night. And I’m not really looking forward to and engine and trans swap anytime soon. That’s a twice at the most even for a year. Before I LS swap the Jimmy I’d have to have a 68-72 nova to throw the 383 in.