I have long pondered the Cummins Question. Obviously it has been done both ways.
This is what I have found:
4BT:
Short, could fit almost fit in FJ80, still too tall.
750-800 lbs.
About 50 lbs heavier than TLC I6 (per Proffit)
Intercooler can fit.
Hard to find, expensive
Stock HP low (low rpm power band) but much more difficult to modify for higher output AND decent ecomony??
6BT
LONG!
Heavy!! 1150-1200 lbs
Only seen non intercooled models swapped into FJ80s (intercooled may have been done too, just have not seen them)
Easy to find.
Plenty (too much?) torque stock, non IC models still lowish on HP.
Easy to get power, but see above.
If you have not driven a Cummins Diesel, be aware that the limited powerband (basically 1400-2800 rpm) takes some getting used to, especially with a manual.
(I just bought my first Cummins Ram a few weeks ago, an 05 with a 6 spd manual. Definately takes some getting used to!)
Something to be very aware of with swap is your final drive ratio. My 05 Cummins has an OD ratio of .79 and 3.73 gears with 31" tires. My motor is turning WAY too fast on the interstate like around 2500 rpm when it feels like it should be turning 1500 rpm. Above 50 mph, my MPG drops quickly, it feels like I am using more fuel to spin the motor faster than to actually move the truck. (Yes, I realize aerodynamic drag is a V^2 loss).
FJ80 axles have 4.1 ratios, if you used a T700/4L60 which has the tallest overdrive (.7) of any non 6 spd auto tranny for trucks, you would be spinning 2200 rpm with 33" tires. You could live with that, but would not realize full MPG potential of a Cummins conversion.
Jule