6.2's usually have many problems.6.5's are better,Fords are MUCH better .
fords are EVIL!!!
the 6.2 is a decent motor for what you would be using it for.
the 6.5 is a turbo and the "issues" it had were an easy fix. the PMD would get hot cause it sat on the lift pump and it would burn up then the truck would die. to fix relocate it (they make kits) and set it on a heat sync (also indluded in the kit or by its self) during heavy and hard towing the engines had issues with over heating and and possibly cracking heads and in extreme cases blocks. but again not really an issue for the aplication it would be being used in a cruiser.
Id say go with the 6.5 they make tons of aftermarket for it.
check out Dieselplace.com for more information. it is a chevy diesel forum.