It took a different direction...
I decided I wanted to turbocharge the engine after all. Then I started to think I wanted to get the engine dyno'd with the turbo and intercooler, and then drop in the hydraulic lifter bits and get another dyno run to see exactly how much benefit I would get (aside from the elimination of valve adjustment) out of the lower friction roller lifters and higher duration cam profile.
So the bottom line is I completed all of that work some time ago You can find pics on risingsun4x4.org, but have been buried in the details of getting all of the rest of a FJ40 that was stripped down to the frame back together (which includes the fabrication of a ton of other parts unrelated to the engine) and now I just about have everything back together and ready for the first dyno run. I had really hoped to get the truck back on the road in time for CM, but I just couldn't quite make that deadline.
So just two weeks ago I rolled the freshly painted and reassembled FJ40 out of my garage for the first time since March of 2002, and I'm now painting the last of the hardtop parts and the newly arrived custom wheels from Stockton. The weather has been lousy here in CO (it snowed AGAIN today), but as soon as I get a break, it will be started and the megasquirt tuning will begin. I have a built and mounted Megasquirt ECM and tested it for functionality using a simulator, but the initial tune hasn't been started yet so I'm not sure how long that will take - having never done it before.
BTW, I built a port injected intake from a 2F intake as part of the turbo/intercooler work some time ago, all of that is now part of the reassembled engine in my newly reassembled FJ40. Sorry I don't post any pictures here anymore, I had trouble with all of the pop-ups that started to appear on this site, including one that my computer's virus protection warned was malicious, so I just stopped coming here at all. My progress is now just posted to the local club site @ rising sun.
If I don't blow things up with the new tune and manage to get it dialed in right, I'll be able to drop in the hydraulic lifter parts and get back on track with that aspect of the project. And in a nutshell, that is where everything stands.