Having researched this before, my humble suggestion is for you to read up on both and base your decision on budget, abilities, needs, desires, ramifications, advantages and your intended use when you are done.
To me, moving then drivetrain forward and modifying the driveshafts and shifters was not worth the price difference of the 2 methods. That $766 difference buys a lot of creativity.
Talk to Advance Adapters. They sell both and can give you the lowdown. They have been very helpful to me in the past.
From their website:
Marks P/N 713025-EK
This adapter kit is used to adapt a Chevy engine to FJ40, FJ45, FJ55, FJ60 and FJ62 4 and 5-Speed Manual Kit and is manufactured by Marks 4wd. It utilizes the GM flywheel and clutch along with the Toyota bell housing. Instead of a new bell housing, a flywheel housing is supplied which measures 4.8" long. This housing has the GM bolt pattern on the front and the Toyota 1F, 2F, and 3F, bolt pattern on the rear.
The kit has been designed to allow for firewall clearance without shifting the transmission or altering the drive shaft lengths.
The transmission input shaft is coupled to the clutch via an input extension shaft. The shaft has the Toyota internal spline and pilot diameter on the transmission end, and GM external spline and pilot diameter on the engine end. The front of the shaft is supported in the crankshaft by a sealed ball bearing inside an adaptor ring.
We also include GM weld-in engine mounts, bell housing mount, throw-out bearing & pilot bearing with this kit.
Note: Conversion clutch pressure plate & disc are sold separately.