I just processed through the same questions you are having. You can see how it went for me....
1FZ-FE Rebuild - Restoring my FZJ80 from an early demise
The 1FZ is a really cool engine. If you decide to rebuild it, you will see why. It's beefy. Almost everything is overkill. It's built to be reliable and, in my opinion, if you resolve it's Achilles heel, the head gasket, it should last forever.
If you are planning to do the labor of this project yourself, it is likely much cheaper to rebuild the 1FZ than do a swap. Even a lowly 5300 vortec and 4l60 is VERY expensive when you're all said and done.... engine, trans, xfer case adapter, engine mounts, custom exhaust, wiring harness, cooling system customization, etc, etc.... let alone an LSX and 6l80. If you want the power and have the cash, go for it!
Even with a Cometic head gasket and ARP studs, my 1FZ build was still at around $3K (in parts and machine services), which included A LOT of replacing/refreshing the ancillaries (cooling system, heater, power steering, trans flush, xfer flush, new engine mounts). I can send you a spreadsheet of all the parts and services and costs for the project. I was however able to reuse my pistons and rods.
I am extremely pleased with how it turned out. A fresh 1FZ is extremely smooth and willing and I have no regrets. As a huge bonus, I understand my truck much better and am better prepared if anything ever happens while we're on the trail.