I would have to respectfully disagree. The 3.0 may not be the greatest motor in the Toyota line-up, but if he isn't looking to do all the necessary work sourcing parts and sorting wiring, just dropping in a fresh 3.0 will do. It sounds like it has served fine for the last 25 years (unless this is the second or third motor)
I had a 1991 4Runner with the 3.0 and I listened to several people tell me to put the 3.4 in vs rebuild the 3.0. I rebuilt the 3.0.
I did everything I possibly could to upgrade the engine and make it more reliable. The machine shop that built all of the 3.0's and heads for dealerships during the Toyota recall campaign did my 3VZ. I sourced the rotating assembly from a 3VZ-FE (forged parts, rather than cast), upgraded all of the fasteners to ARP (rod bolts, main bolts, head studs), Toyota OEM head gaskets (most recent revision), new OEM oil and water pumps, had the injectors rebuilt, new OEM motor mounts, ported and polished the heads, etc. OE Toyota main and rod bearings. About the only parts that weren't OE were the pistons, as OE toyota .030 pistons weren't available.
In the end, my machine shop bill was $2800, with me doing the port and polish of the heads and providing the 3VZ-FE stuff to the shop.
I bought all new OE Toyota hoses for emissions and cooling. My goal with the engine was a 500,000 mile motor.
Initially ithe cost was less than a 3.4 swap, but after considering rpelacement of clutch (might as well as I had it out) having the injectors cleaned (wound up having to replace 1, again OE toyota), new engine wiring harness (ouch) and replacing the ECU. New exhaust down pipe, muffler, and tail pipe. When it was all said and done I was into the 3.0 the same $$$ as a 3.4 swap would have cost, with obtaining a low milesage 3.4, and the Offroad solutions complete deluxe swap kit (everything you need except for the motor and ECU).
In the end, the harmonic balancer went bad and I was just sick of dealing with the truck...
I'm still mad about it...
