For the money that you would spend on converting, new fuel sender, motor accessories etc. you would be better off spending the coin on a Turbo.
While you have about half the effective RPM range of a Gas motor you can compensate that by gearing and what gear your running your transmission in while mudding. A turbo diesel also despite common misconception is at home in the mud as the Increased load on the motor builds boost quickly. I ran a 95 4x4 6.5 with a nv4500 through countless miles of muddy trails on a deer lease I had down by marble falls for years without any problems. I dont know if you have ever ran a stick in the mud but it is alot different from an auto, and not nearly as easy in the thick muck, As when you shift you have a tendency to loose wheel speed and start bogging down. This is getting off topic, just consider that the cost is about the same.
My Daily Driver which is an 01 2500hd with a 6.0 and 4l80e would blow my 95 out of the water on the interstate, However it has bogged down more than a couple of occasions in the mud. where the 95 plowed on through.