I've got the stock long block L31 in my truck, I can't imagine what the truck would feel like with 65 less hp and ~25 ft lbs less torque.
Totally get wanting to drop a bone stock replacement in. Changing something always adds complexity and more cost.
But for what you get with an L31 crate, and the cost from Radley (you can google them and talk direct, bypassing ebay FWIW) it's pretty hard to justify NOT getting one vs an older variant.
Don't forget, the L31 is a one piece rear main as well, I'm assuming the one you linked is not. Roller cam prevents all concern about lowered ability of modern oil to help the flat tappet cams, and the seals SHOULD keep that thing from leaking far longer than the two piece motors. I hate leaks.