Just as you title implies. No one set up well be right for all jobs. If you daily drive you reg it won't be the best off- roader, Like wise if you build it in to a rock crawler it's not going to be a good DD. It all come down to how you want to use you Reg ( and I mean YOU ) because if you ask 6 Guys what makes the best Over-lander your going to get 6 different answers. This is not a inexpensive Hobby/sport how much CASH you have well dictate your build.
I would call mine a street legal Trail Reg, 39s on a 3" lift, I got it bone stock, went to 35s then 37s and now 39s. But I prefer to trailer it to the trails and I like to run the had lines.
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Day one
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Current setup.
Again it all comes down to how you are going to use you Reg and how much money you have to throw at it.
The land Cruiser 80 is one of the most capable stock Regs ever produced. JMHO, enjoy it as is modify as necessary/funds permit