That LJ uses the 2L-T not the 2L-TE. I have an '87 Blizzard that uses the same engine. It has the interesting distinction of being the only diesel engine sold in the USA (it was an option on the 1985 Toyota Pickup).
The 2L-T heads do blow, but not as often as the 2L-TE heads. Actually, Toyota revamped the 2L-T head between 1987 and 1990. The head that cracks is part 11101-54061, and is likely the one this truck has. It can be replaced with 11101-54062 to solve the cracking issue. I've seen U.S. pickups with the 2L-T engine and >400,000 miles.
With that said, there are two big problems with 2L-T, even with the revised head:
1. Parts availability, and confusion of parts with 2L-TE engines.
2. Mechanic skill level (the number of people qualified to tune a manual injection pump is rapidly dwindling). The engine is simple, but certain systems (hello, SuperGlow) can fry in an instant. Other technical details are poorly documented. Now that the Hilux Surf website is down, it is a real pain to track down issues.
Oh, and someone on the BaT mentioned that you could swap in a 1KZ-TE. I'm rather certain this should only be attempted with a 2L-TE. It would be very challenging to convert a vehicle designed for mechanical injection to electrical injection. You may have to do a whole dash swap as well.